Question: Explain the following problem in detail and step by step using a financial calculator. A 15-year 6.5% coupon (semiannual) bond sells for $965, what

Explain the following problem in detail and step by step using a financial calculator.

 

A 15-year 6.5% coupon (semiannual) bond sells for $965, what is the bond holder's YTM?

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