The market price of a semi-annual pay bond is $959.45. It has 18.00 years to maturity and a coupon rate of 7.00%. Par value is $1,000. What is the effective annual yield? Submit Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434) A taxable bond with a coupon rate of 8.00% has a market price of 99.03% of par. The bond matures in 18.00 years ans pays semi-annually. Assume an investor has a 27.00% marginal tax rate. The investor would prefer otherwise identical tax-exempt bond if it's yield to maturity was more than % Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (exc 0.0924)