Question: need the explanation with the steps even with a financial calculator thank you 11. Melissa Price bought a 15-year bond issued by Kroger five years

need the explanation with the steps even with a financial calculator thank you

11. Melissa Price bought a 15-year bond issued by Kroger five years ago for $1,064.28. The bond makes semiannual coupon payments at a rate of 8.5 percent. If the current price of the bonds is $1,083.64, what is the annual yield that Melissa would earn by selling the bond today? A. 3.16% B. 4.14% C. 6.32% D. 7.43% E. 8.29% The steps to get the

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