Problem 7.9 Ruth Hornsby is looking to invest in a three-year bond that makes semiannual coupon payments at a rate of 15.90 percent. If these bonds have a market price of $948.15, what yield to maturity and effective annual yield can she expect to earn? (Round answer to 2 decimal places, e.g. 15.25%.) Yield to maturity Effective annual yield Click if you would like to Show Work for this question: Open Show Work Problem 7.13 The International Publishing Group is raising $10 million by issuing 15- year bonds with a coupon rate of 7.55 percent. Coupon payments will be made annually. Investors buying the bonds today will earn a yield to maturity of 7.55 percent. At what price will the bonds sell in the marketplace? Explain. (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25.) Sale value Click if you would like to Show Work for this question: Open Show Work