Question: 10.00 points Problem 10-20 Yield to maturity-calculator or Excel required [L010-3] Evans Emergency Response bonds have 5 years to maturity. Interest is paid semiannually. The

10.00 points Problem 10-20 Yield to maturity-calculator or Excel required [L010-3]

10.00 points Problem 10-20 Yield to maturity-calculator or Excel required [L010-3] Evans Emergency Response bonds have 5 years to maturity. Interest is paid semiannually. The bonds have a $1,400 par value and a coupon rate of 7 percent. If the price of the bond is $1,095.55, what is the annual yield to maturity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) nul yield to maturity

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