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Share the calculation steps based on the book-written formula-based application for understanding. Suppose a five-year bond with an 8 coupon rate and semi-annual compounding is

Share the calculation steps based on the book-written formula-based application for understanding.

Suppose a five-year bond with an \8 coupon rate and semi-annual compounding is trading for a price of \$ 951.58 \$. Calculate the bond's yield to maturity (YTM) based on the expression of an annual percentage rate (APR)

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