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Polycorp debentures are selling for $108 (FV = 100) and mature in eight years. The coupon rate is 8%pa. What is the effective annual yield

Polycorp debentures are selling for $108 (FV = 100) and mature in eight years. The coupon rate is 8%pa. What is the effective annual yield on the debentures?

Polycorp debentures are selling for $104 (FV = 100) and mature in ten years. The coupon rate is 6%pa, with coupons paid quarterly. What is the effective annual yield on the debentures?

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