Question: PLEASE SHOW ALL YOUR WORK Consider a coupon bond with a face value of $1,000 with a 4.25% coupon rate (paid annually) and 14 years

PLEASE SHOW ALL YOUR WORK

Consider a coupon bond with a face value of $1,000 with a 4.25% coupon rate (paid annually) and 14 years to maturity.If the current market price of the bond is $925.76, what is the yield-to-maturity? Students must show the bond equation to receive credit. If you don't have a financial calculator, then solve for the interest rate using Excel. (15 pts)

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