5,500 8.5 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 104 percent of par; the bonds make semiannual payments answer; P0 = $1,040 = $42.5(PVIFAR%,40) + $1,000(PVIFR%,40) R = 3.013% YTM = 4.0465% 2 = 8.093% I need just some one explain to me how we get follwoing r= 3.013 Ytm = 4.0465 NO financial calculater no excel please . IN MY EXAM i AM NOT ALLOWED TO USE THEM I have no time to reserach for this easy question I am offering only 10$