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please explain in leyman terms. also if you could possibly plify the formula for yuled to maturity 10. The market price of a bond is($1,236.94,

please explain in leyman terms. also if you could possibly plify the formula for yuled to maturity image text in transcribed

10. The market price of a bond is($1,236.94, it has 14 years yo maturity, a $1,000 face value, and pays an annual coupon/of $100 in semiannua installments of $50 each. What is the annual yield to maturity? JALO face roue that more counon n

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