The Sisyphean Company has a bond outstanding with a face value of $1000 that reaches maturity in five years. The bond certificate indicates that the stated coupon rate for this bond is 8.5% and that the coupon payments are to be made semiannually. Assuming that this bond trades for $1081.73, then what is the YTM?

I got I/Y=3.278. Is 3.278 the final answer for this question? Why or why not?

Explain how to put this in the calculator