Question: Problem 10-20 Yield to maturity-calculator or Excel required [LO10-3] Evans Emergency Response bonds have 4 years to maturity. Interest is paid semiannually. The bonds

Problem 10-20 Yield to maturity-calculator or Excel required [LO10-3] Evans Emergency Response

Problem 10-20 Yield to maturity-calculator or Excel required [LO10-3] Evans Emergency Response bonds have 4 years to maturity. Interest is paid semiannually. The bonds have a $1,300 par value and a coupon rate of 6 percent. If the price of the bond is $1,094.55, what is the annual yield to maturity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Annual yield to maturity

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