In: Finance
Oak Bay Software has 10.3% coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 107.9% of par. What is the YTM? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)
YTM %- ?
What is the effective annual yield? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)
Effective annual yield %- ?