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Oak Bay Software has 1 0 . 2 % coupon bonds on the market with 1 8 years to maturity. The bonds make semiannual payments

Oak Bay Software has
10.2
%
coupon bonds on the market with
18
years to maturity. The bonds make semiannual payments and currently sell for
107.8
%
of par.
What is the YTM
?
(
Do not round intermediate calculations. Round the final answer to
2
decimal places.
)
YTM
%
What is the effective annual yield?
(
Do not round intermediate calculations. Round the final answer to
2
decimal places.
)
Effective annual yield

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