1) Keyser Materials has 6.5 percent coupon bonds on the market with 15 years to maturity. The bonds make semiannual payments and currently sell for 102 percent of par. What is the current yield? The YTM? The effective annual yield?

2) Old World Markets has $1,000 face value bonds outstanding that pay interest semiannually, mature in 13 years, and have a 5.3 percent coupon. The current price is quoted at 98.25. What is the yield to maturit