Problem 8.20 (Solution Video) Cullumber, Inc., has four-year bonds outstanding that pay a coupon rate of 6.9 percent and make coupon payments semiannually. If these bonds are currently selling at $915.890 what is the yield to maturity that an investor can expect to earn on these bonds? (Round answer to 1 decimal place, eg. 15.2%.) Yield to maturity what is the effective annual yield? (Round answer to 1 decimal place, eg. 15.2%.) Effective annual yield