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Please do not skip any calulations and show all formulas used: A bond has a face (par) value of $14,445; it will mature in 5

Please do not skip any calulations and show all formulas used:

A bond has a face (par) value of $14,445; it will mature in 5 years. The bond coupon rate is 1.50%; there are 9 premium payments per year. If the bond is purchased for 93.39% of its face value and later sold at its face value, what is the bond yield rate per period? (answer: 0.32%)

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