The market price of a semi$-$annual pay bond is $$983\mathrm{.}83.$ It has $15\mathrm{.}27$ years to maturity and a coupon rate of $7\mathrm{.}29\%.$ Par value is $$1,000.$ What is the effective annual yield?

Answer format: Percentage Round to: $4$ decimal places $($Example: $9\mathrm{.}2434\%,\%$ sign required. Will accept decimal

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format rounded to $6$ decimal places $($ex: $0\mathrm{.}092434))$

Assume a par value of $$1,000.$ Caspian Sea plans to issue a $16\mathrm{.}05$ year, semi$-$annual pay bond that has a coupon rate of $7\mathrm{.}87\%.$ If the yield to maturity for the bond is $8\mathrm{.}34\%,$ what will the price of the bond be$?$

Answer format: Currency: Round to: $2$ decimal places.

Attempts Rema

Answer format: Currency: Round to: $2$ decimal places.

Attempts Rema

A bank offers $7\mathrm{.}34\%$ on savings accounts. What is the effective annual rate if interest is compounded monthly?

Answer format: Percentage Round to: $4$ decimal places $($Example: $9\mathrm{.}2434\%,\%$ sign required. Will accept decimal format rounded to $6$ decimal places $($ex: $0\mathrm{.}092434))$

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