Fincorp issues two bonds with $20-$year maturities. Both bonds are callable at $$1,020.$ The first bond is issued at a deep discount with a coupon rate of $5\%$ and a price of $$450$ to yield $12\mathrm{.}7\%.$ The second bond is issued at par value with a coupon rate of $13\mathrm{.}50\%$

Required:

a$.$ What is the yield to maturity of the par bond? $($Round your answer to $2$ decimal places.$)$

Yield to maturity