Question: show calculation step by step please (manually) and excel formula if possible You bought a bond for $890 today. The bond's coupon rate is 5:7%,

show calculation step by step please (manually) and excel formula if possible

You bought a bond for $890 today. The bond's coupon rate is 5:7%, with 12 years left to maturity and a par value of $1,000. What is the yieid to maturity of the bond? (Round the percentage rate to TWO decimal places, e.9. 6.15\%)

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