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Oriole, Inc., has four-year bonds outstanding that pay a coupon rate of 7.00 percent and make coupon payments semiannually. If these bonds are currently selling
Oriole, Inc., has four-year bonds outstanding that pay a coupon rate of 7.00 percent and make coupon payments semiannually. If these bonds are currently selling at $916.89.
What is the yield to maturity that an investor can expect to earn on these bonds?(Round answer to 1 decimal place, e.g. 15.2%.)
Yield to maturity
%
What is the effective annual yield?(Round answer to 1 decimal place, e.g. 15.2%.)
Effective annual yield
%
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