A 10-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 9%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices. (Round your answers to 2 decimal places.)

A 10-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 9%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices. (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Bond Prices Effective Annual Yield to Maturity a. S 940 Bond Equivalent Annual Yield to Maturity 9.98 % 9.00 % 8.40 % b. s 1,000 1,040 10.21% 9.20 X % 8.58 X % c. S