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Please give me specific steps, thanks! (5%) The FrodoNeo Company has a bond outstanding with a face value of $1000 that reaches maturity in 15

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(5\%) The FrodoNeo Company has a bond outstanding with a face value of $1000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is 10% and that the coupon payments are to be made semiannually. Assuming that this bond trades for $1200, what is the YTM (APR) for this bond? (You can use excel for this question. In the exam, you cannot use excel so you will write down formula correctly)

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