Question: How do I need to solve this problem by finance calculator? 15. What is the bond equivalent yield on a bond paying interest.semi-annually with $1000

How do I need to solve this problem by finance calculator?

15. What is the bond equivalent yield on a bond paying interest.semi-annually with $1000 face value, a 7.5% annual coupon for 20 years if people pay $863? a. 4.35% b. 7.5% N i PV IMT W c. 8.99% d. 20% 2120 ? -863 9.5/2X10001000

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