Question: Problem 10-19 (Algo) Yield to maturity-calculator or Excel required [LO10-3] Stilley Resources bonds have 20 years left to maturity. Interest is paid annually, and

Problem 10-19 (Algo) Yield to maturity-calculator or Excel required [LO10-3] Stilley Resources

Problem 10-19 (Algo) Yield to maturity-calculator or Excel required [LO10-3] Stilley Resources bonds have 20 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 21.5 percent. If the price of the bond is $1,330, what is the yield to maturity? Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places. Yield to maturity %

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