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Problem 10-19 Yield to maturity-calculator or Excel required [LO10-3] Stliley Resources bonds have 20 years left to maturity: Interest is paid annually, and the bonds

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Problem 10-19 Yield to maturity-calculator or Excel required [LO10-3] Stliley Resources bonds have 20 years left to maturity: Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 14.5 percent. If the price of the bond is $1,570, what is the yield to maturity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal pleces.)

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