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Bonds issued by the Tyler Food chain have a par value of $ 1 , 0 0 0 , are selling for $ 1 ,

Bonds issued by the Tyler Food chain have a par value of $1,000, are selling for $1,360, and have 20 years remaining to maturity. Annual interest payment is 19.5 percent ($195), paid semiannually.
Compute the approximate yield to maturity. (Use a Financial calculator to arrive at the answers. Do not round intermediate calculation. Round the final answer to 2 decimal places.)
Approximate yield to maturity
%

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