if you look at the work ive already done, the example in my homework question said to use the formula i wrote down but solve for y. if you could rearrange the formula step-by-step, that would very helpful. thank you.

7. Suppose , a a 10-year $1,000 bond with an 8.8% coupon $ rate and semi-annual coupons is trading for a price of $1,034.35. a. What is the band's yield to maturity (expressed as an . APR with Semi-annual 'compounding)? p= CPN Y 1 $1,034.35 - 241 $1000 Y 1 FV X $44.00 inte 1 20 0.088* 1,000 88 2 2 ICPN coupon rate face value number of coupon payments per year