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A perpetuity makes payments of $1,000 every three years,with the first payment made immediately. If the annual rate is 9% per annual, what is the

A perpetuity makes payments of $1,000 every three years,with the first payment made immediately. If the annual rate is 9% per annual, what is the present value?

ABC company bond are selling for$208 (FV = 200) and mature in nine years.The coupon rate is 8%pa, with coupons paid quarterly. What is the effective annual yield on the bonds?

Please provide the relevant formula, thanks.

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