Question: Example 2-2: Let the bond in 2-1 be priced at 968. Find the yield. N=20, pv=-968, pmt=80, fv=1000, solve for IY=8.334 How do you solve

Example 2-2: Let the bond in 2-1 be priced at 968. Find the yield.

N=20, pv=-968, pmt=80, fv=1000, solve for IY=8.334

How do you solve this and what is the equation?

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