Acoupon bond that pays interest of $60 annually has a par value of $1,000, matures in 5 years, and is selling today at an $84.52 discount from par value. the yield to maturity on this bond is

Yield-To-Maturity  =  [C + (F - P / n)] ÷ [F+P/2]

Where: 

C - coupon or interest payment per annum

F - Face Value or par value

P - price

n - Years to Maturity

I used the above formula for manual computation. There is also an online yield to maturity calculator and it confirmed the answer solved manually. The Yield to Maturity is 8.124%

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