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Stilley 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

Stilley 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 19.5 percent.

Compute if the price of the bond is $1,110, what is the yield to maturity?

Do not round intermediate calculations and input answer as a percent rounded to 2 decimal places

Yield to maturity __________%

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