Question: how to solve with steps , please solve without excel 3) What is the yield to maturity of a(n) eight-year, $5000 bond with a 4.4%

how to solve with steps , please solve without excel

3) What is the yield to maturity of a(n) eight-year, $5000 bond with a 4.4% coupon rate and semiannual coupons if this bond is currently trading for a price of $4723.70? A) 6.31% B) 5.26% C) 7.36% D) 2.63% Answer: B

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