Question: ***Can you please explain step by step on how to do this question*** and please show formulas used so I can understand how to do
***Can you please explain step by step on how to do this question*** and please show formulas used so I can understand how to do it on my own. thank you.
A three-year bond provides a coupon of 8% semiannually and has a cash price of 104. What is the bonds yield?
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