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The market price of a semi-annual pay bond is $967.73. It has 13.00 years to maturity and a coupon rate of 7.00%. Par value is

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The market price of a semi-annual pay bond is $967.73. It has 13.00 years to maturity and a coupon rate of 7.00%. Par value is $1.000. What is the effective annual yield? Answer format: Percentege Round to: 4 decimal places (Example: 9.2434%, \% sign required. Will accept decimal format rounded to 6 decimal places (ex; 0.092434)) A tax-exempt municipal bond with a coupon rate of 8.00% has a market price of 98.08% of par. The bond matures in 9.00 years and pays semi-annually. Assume an investor has a 27.00% marginal tax rate. The investor would prefer otherwise identical taxable bond if it's yild to maturity was more than \% Answer format: Percentage Round to: 2 docimal places (Example: 9.24%,% sign required. Wil accept decimal format rounded to 4 decimal places (ex; 0.0924)) A taxable bond with a coupon rate of 5.00% has a market price of 98.61% of par. The bond matures in 15.00 years ans pays semi-annualy. Assume an investor has a 31.00% marginal tax rate. The investor would profer otherwise identical tax-oxempt bond if it's yleld to maturity was more than is Answer format: Percentage Round to: 2 docimal places (Example: 9.24%,% sign required. Wil accept decimal format rounded to 4 decimal places (ex: 0.0924))

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