A company has bonds on the market with 15 years to maturity and a YTM of 3%. The bonds pay a 6% coupon and make semi-annual payments. What is the effective annual yield? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39. Numeric Response An investment currently pays 6% and the inflation rate is 2.25%. What is the exact real rate of interest? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39. Numeric Response