You want to create a portfolio with three bonds. Assume that they pay annual interest $($coupon$).$ They all have $$1,000$ par values.

Bond A pays a $5\%$ coupon and is currently selling for $$900.$ It matures in $2$ years.

Bond B pays a $3\%$ coupon and is currently selling for $$850.$ It matures in $3$ years.

Bond C pays a $4\%$ coupon and is currently selling for $$880.$ It matures in $4$ years.

What is the yield $($IRR$)$ on this portfolio? Please write your answer using at least $4$ decimal places.

Solve using ti$-84.$