Here is the question and work to another Chegg answer. It is right, but I cannot figure out where do the values of .6 and .4 come from in the equation for YTM? Why is there a .6 and .4 in the denominator of this question? Please show the work for this part more thoroughly. .

Face value, F = $1000 Coupon rate, C = 10% = C = 10 x (6/12) = 5% per period Time, T = 10 years T = 10 x 2 = 20 periods Current price, P = $880 Redeemed price, R = $1020 A $1,000 10% ten-year bond has semiannual coupons. It is purchased new at $80 and is redeemable at $1,020. Find the coupon amount and the effective Now, Coupon Amount, A= FXC = $1000 x 5% = $50 yield rate per coupon period. Now, for effective yeild rate use the formula 4+ R-P YTM= 0.6P +0.4R 50 - 1020-850 20 0.6(880) + 0.4(1020) 57 936 = 0.06089744 6.1%