Fran and Ollie McCarter purchased a $1,000, 20-year bond with a coupon rate of 6.5 percent. They paid $1,050 f?

Fran and Ollie McCarter purchased a $1,000, 20-year bond with a coupon rate of 6.5 percent. They paid $1,050 for the bond. What is this bond's yield to maturity?