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A 1111-year bond pays interest of $ 28.80$28.80 semiannually, has a face value of $ 1 comma 000$1,000, and is selling for $ 773.31$773.31. What
A
1111-year
bond pays interest of
$ 28.80$28.80
semiannually, has a face value of
$ 1 comma 000$1,000,
and is selling for
$ 773.31$773.31.
What are its annual coupon rate and yield to maturity?
The annual coupon rate is
nothing%.
(Round to two decimal places).
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