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a. What is the yield to maturity on a bond that you purchased for $1,069, assuming that the bond has 8 years to maturity, a

a.What is the yield to maturity on a bond that you purchased for $1,069, assuming that the bond has 8 years to maturity, a par value of $1,000, and a coupon rate of 4.55%? The bond pays coupon interest semiannually.(Round your answer to 4 decimal places.)

Yield to maturity%

b.What is the effective annual yield on this bond?(Round your answer to 4 decimal places.)

Effective annual yield%

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