Electrolex, Inc., has four-year bonds outstanding that pay a coupon rate of 12.76 percent and make coupon payments semiannually. If these bonds are currently selling at $914.89.

What is the yield to maturity that an investor can expect to earn on these bonds? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.)

Yield to maturity

%

What is the effective annual yield? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.)

Effective annual yield

%