Question: Problem 10-20 Yield to maturity calculator or Excel required (LO10-3) Evans Emergency Response bonds have 4 years to maturity. Interest is pald semlannually. The bonds

Problem 10-20 Yield to maturity calculator or Excel required (LO10-3) Evans Emergency Response bonds have 4 years to maturity. Interest is pald semlannually. The bonds have a $1,000 par value and a coupon rate of 7 percent If the price of the bond is $1,079.53, what is the annual yield to maturity? (Do not round Intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Arnun yold ta maturity 94

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