Oak Bay Software has 11.0% coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 108.6% 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 % Glenhill Co. is expected to maintain a constant 6.4% growth rate in its dividends indefinitely. If the company has a dividend yield of 8.2%, what is the required return on the company's stock? (Round the final answer to 2 decimal places.) Required return %