Question: Not 5% Not 4.54% Problem 10-19 Yield to maturity-calculator or Excel required [LO10-3] Stllley Resources bonds have 20 years left to maturity. Interest is pald

Not 5%

Not 4.54%

Problem 10-19 Yield to maturity-calculator or Excel required [LO10-3] Stllley Resources bonds have 20 years left to maturity. Interest is pald annually, and the bonds have a $1,000 par value and a coupon rate of 12.5 percent. If the price of the bond is $2,060, what is the yleld to maturity? (Do not round Intermedlate calculations. Input your answer as a percent rounded to 2 decimal places.)

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