A bond that currently sells for 95% of par value has 20 years left to maturity and makes a $50 annual coupon payment. This bond must have a yield to maturity (YTM) greater than what percentage rate?

Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 18.49% should be entered as 18.49.