How to use calculator to calculate this ytm

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Reference no: EM131737314

Consider a $100 par value bond with an 8% coupon paid annually, maturing in 20 years. If the bond currently sells for $96.47, the yield to maturity is closest to:

  1. 8.37%.
  2. 8.29%.
  3. 7.41%.

How to use calculator to calculate this YTM.

Reference no: EM131737314

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