MC algo 6-35 Effective Annual Interest Rate A bond with a coupon rate of 5.43 percent and semiannual coupon payments matures in 18 years. The YTM is 6.55 percent. What is the effective annual yield? MC algo 6-6 Bond Pricing Gugenheim, Inc., has a bond outstanding with a coupon rate of 6.3 percent and annual payments. The yield to maturity is 7.5 percent and the bond matures in 19 years. What is the market price if the bond has a par value of $2,000