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3 Gabriele Enterprise has 9.8 percent coupon bonds on the market with 18 years to maturity and face value of $1,000. The bonds make semiannual

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3 Gabriele Enterprise has 9.8 percent coupon bonds on the market with 18 years to maturity and face value of $1,000. The bonds make semiannual payments and currently sell for $1,077 What is the current yield on the bonds? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the YTM? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) What is the effective annual yield or effective annual return (EAR)? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal ploces, e.g., 32.16.) c. a. % Current yield b. YTM c. Effective annual yield % %

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