Question: I need typed solution with explanation otherwise I will report to your answer and don't use AI BOT. I need explanation step by step i

I need typed solution with explanation otherwise I will report to your answer and don't use AI BOT. I need explanation step by step i will thumb up.

Crossfade Corp. has a bond with a par value of $2,000 that sells for $1,950.22. The bond has a coupon rate of 6.87 percent and matures in 25 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?

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