Question: Please provide the steps to solving this problem using a financial calculator as well as reasonings for certain steps if needed: You own a bond

Please provide the steps to solving this problem using a financial calculator as well as reasonings for certain steps if needed:

You own a bond with a par value of $1,000 and a coupon rate of 7.75% (annual coupon). It is currently worth $1,025. What is its yield to maturity? The bond has 7 years to maturity.

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