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A corporation issues a bond today with a 31250 face value, matunity in 20 years, and a 115 coupon interest rate, interest is paid way.

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A corporation issues a bond today with a 31250 face value, matunity in 20 years, and a 115 coupon interest rate, interest is paid way. An investor purchases the bond for $1250 What the yield to maturity? Answer in the format Answer as a percentage but without the sign Example O 0651 is entered as 6.51 Do not round intermediary calculations. Use the full precision of your calculator or Excel Round property to two decimal places Example 157835 would be entered 1578 Example 055555 would be entered 5 56

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