he bonds issued by Stainless Tubs bear a 6 percent coupon, payable semiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $989. What is the yield to maturity?

That is beyond my pay grade Carol. You need a financial software package. Google "yield to maturity"

The semiannually confuses the issue but I am not sure it matters much and perhaps you can use the 6%
You have to assume you reinvest the interest.
You have to figure that despite paying 989 you get 1000 at maturity

To calculate the yield to maturity (YTM) of the bonds, we need to use the formula:

YTM = ((C + (F - P) / n) / ((F + P) / 2)) * 100

Where:
- YTM is the yield to maturity (expressed as a percentage)
- C is the coupon payment per period (semiannually in this case)
- F is the face value of the bond ($1,000 in this case)
- P is the purchase price of the bond ($989 in this case)
- n is the number of periods until maturity (11 years, which equals 22 semiannual periods)

First, let's calculate the coupon payment per period:
C = 6% of $1,000 / 2 = $30

Now we can substitute the values into the formula:
YTM = ((30 + (1,000 - 989) / 22) / ((1,000 + 989) / 2)) * 100

Simplifying:
YTM = (30 + 11 / 22) / (1,494 / 2) * 100
YTM = (30.5 / 747) * 100
YTM ≈ 4.08%

Therefore, the yield to maturity of the bonds issued by Stainless Tubs is approximately 4.08%.