Question: the correct answer is 8.2296% please let me know how this is the right answer WITHOUT using excel. please list step my step so i

the correct answer is 8.2296% please let me know how this is the right answer WITHOUT using excel. please list step my step so i can understand

The market prise of a sem-anmual pay bond is $994.92. It has 12.00 years to maturity and a coupon rate of 8.0096. Par value is $1,000. What is the effective annual yieid? tomerat rounded to 6 docinal places (er: 0.092434j. Emilas to CSD Chapter 6 *8

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