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Question 7, P11.12 (similar to) HW Score: 0%, 0 of 10 points O Points: 0 of 1 Save A $1,000 par value bond with

Question 7, P11.12 (similar to) HW Score: 0%, 0 of 10 points O Points: 0 of 1 Save A $1,000 par value bond with a 8.75% coupon rate (semianual interest) matures in 9 years and currently sells for $988.07. What is the bond's yield to maturity and bond equivalent yield? The bond's yield to maturity is %. (Round to two decimal places.) 13

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