The face value is $100 for a Dragonstone Ltd debenture that will mature in seven (7) years. The debenture carries a 8 per cent coupon, paid semi annually. If the debenture currently sells for $92.40, find its i. yield to maturity = ii. the effective annual yield Which is the similarity between payback period and discounted payback period? They are used predominantly in making investment decision They are biased toward liquidity They are consistent with the objective of maximizing shareholders' wealth They reject negative NPV projects