Question 2 - Calculate the yield to maturity of the following bond with a par value of $1,000 that pays a 3.9% coupon semiannually. The bond was settled on Jan 1, 2010 and matures on Jan 1, 2032. It currently trades at a price of $972.84 (5 points)

Coupon Bond YTM

settlement date: 01/01/2020; maturity date: 01/01/2032; coupon rate: 3.9%; coupons per year: 2; face value (% of par): 100; Bond price (% of par): $972.84.

What is the YTM?

Please show work on Excel. Thank you!