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Problem 10-20 Yield to maturity-calculator or Excel required (L010-3] Evans Emergency Response bonds have 6 years to maturity. Interest is paid semiannually. The bonds have

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Problem 10-20 Yield to maturity-calculator or Excel required (L010-3] Evans Emergency Response bonds have 6 years to maturity. Interest is paid semiannually. The bonds have a $1.000 par value and a coupon rate of 7 percent. If the price of the bond is $1.091.58, 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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