Question: Write any formula you use, and explain how you arrive at the answer in your own words. Write the name of any financial function you

Write any formula you use, and explain how you arrive at the answer in your own words.

Write the name of any financial function you use, the inputs to it, and your input entries so I can understand how you got to your solution.

1- A bond has an annual 8 percent coupon rate, a maturity of 10 years, a face value of $1,000, and makes semiannual payments. If the price is $934.96, what is the annual nominal yield to maturity on the bond? Draw a time line for the cash flows for the investment.

Financial calculator is good input what you used, along with the input entries. As well explain how you arrive at the answer in your own words so I can understand it better. Along with formula of the solution you use

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