Sarkozi Watches SpA issued 15-year bonds two years ago at a coupon rate of 7.8 percent. The bonds make semiannual payments. If these bonds currently sell for 104 percent of par value, what is the YTM?

Beacon Ltd is face with three (3) investment alternatives: Xtra, Yummy and a Portfolio of the two with the investment fund split in a ratio 6:4 for Xtra and Yummy respectively. Details are provided as follows State Ps Returns of Xtra Returns of Yummy Good 30% 20% 38% Average 50% 15% 16% Poor 20% -4% -10%