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tpx FINA 320: Fall201 4.28 point Ssley Resources bonds have 20 years l to maturity Intorest is paid annually, and the bonds have a $1,000

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tpx FINA 320: Fall201 4.28 point Ssley Resources bonds have 20 years l to maturity Intorest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 21 5 percent Compute if the price of the bond is $1.270, what is the yieid to maturity(Do not round intermediato calculations Input your answer as a percent rounded to 2 decimal places

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