Question: its answer is not 20.53%. Please reply asap with correct answer. Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which

its answer is not 20.53%. Please reply asap with correct answer.

Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which is also the amount of principal to be paid at maturity. The bonds are currently selling for $690. They have 10 years to maturity. Annual interest is 13 percent ($130). pald semlannually. Compute the yleld to maturity. (Do not round Intermedlate calculation. Use a Financlal calculator to arrive at the answers. Round the final answer to 2 decimal places.) Yleld to maturity

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