FV = 1,000
PMT = 1,000 * 0.104/2 = 52
N = 18 * 2 = 36
PV = -1,000 * 1.08
PV = -1,080
CPT I/Y
I/Y = 4.732987%
YTM = 4.732987% * 2
YTM = 0.09465974
YTM = 9.47%
Effective annual yield = (1 + 4.732987%)^2 - 1
Effective annual yield = 1.0968998566 - 1
Effective annual yield = 0.0968998566
Effective annual yield = 9.69%
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