The Great Northern Specific Railway has noncallable, Coupon bonds outstanding. When originally issued, these bonds were sold for $955 per bond; today (January 1) their current market price is $1,120 per bond. The company pays a semiannual interest payment of $45 per bond on June 30 and December 31 each year. They have a $1,000 par value and mature in 10 years. Required: 1. Determine the implied semiannual yield to maturity (YTM) on these bonds. (10 marks) 2. What is the (nominal annual) YTM on these bonds? The (effective annual) YTM on these bonds? (5 marks)

please answer both questions