detailed processes needed

An Australian company issued a 120-day bank-accepted bill domestically with a face value of $400000. The bill was discounted at a yield of 7.62% per annum, representing a price of $390224.08. After 14 days the discounter sells the bill in the short-term money market for $389833.57. The bill is not traded again in the market. The yield to the current holder at maturity is X % The YTM of a bank accepted bill is calculated by YTM=((FV-PV)/PV)*(36500/T) The correct answer is: 8.98