American airline has a bond outstanding that’s priced at $1181.80 per bond .Bond’s coupon rate of 6.05% per year, makes semiannual payments, matures…

American airline has a bond outstanding that’s priced at $1181.80 per bond .Bond’s coupon rate of 6.05% per year,

makes semi‐annual payments, matures in 18 years, and has a par value of $1,000. Calculate the annual yield to maturity

on this bond.