Question: Can you solve this without excel and please explain step by step? Thank you. A bond pays a semi-annual coupon at an APR of 9.75%.

Can you solve this without excel and please explain step by step? Thank you.

A bond pays a semi-annual coupon at an APR of 9.75%. The bond will mature in 9.00 years and has a face value of $1,000.00. The bond has a yield-to-maturity of 12.22% APR. What is the current yield for the bond? What is the current yield for the bond

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