can you solve and explain

6.3 (C) Relationship of Yield to Maturity and Coupon Rate (continued) Example 5: Computing YTM Last year, The ABC Corporation had issued 8% coupon (semi-annual), 20-year, AA-rated bonds (Par value = $1000 ) to finance its business growth. If investors are currently offering $1200 on each of these bonds, what is their expected yield to maturity on the investment? If you are willing to pay no more than $980 for this bond, what is your expected YTM? Remaining number of coupons =192=38 Semi-annual coupon amount =(.08$1000)/2=$40