Answer:
The question is missing the par value of the Bond, tried searching online but i could not find it.
A Bond`s yield to maturity is the same as the Internal Rate of Return. It is the interest rate that will make the present value of cash flows equal to the price or initial investment. To calculate the Bond`s Yield to Maturity (YTM), we must have the Bond`s Par Value (this is missing), Year to Mature, Coupon Payment, Market Price.
Using a financial calculator, you enter the parameters as follows to calculate the YTM,
PV = $985.63
PMT = 5.825 % of par value
Period per year = 2
N = 3
FV = missing
YTM = ?
With just those steps and finally pressing I/YR button on your financial calculator you will get the yield to maturity that Ruth Lewis can expect to earn.