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Gabriele Enterprise has 8.4 percent coupon bonds on the market with 20 years to maturity and face value of $1,000. The bonds make semiannual payments

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Gabriele Enterprise has 8.4 percent coupon bonds on the market with 20 years to maturity and face value of $1,000. The bonds make semiannual payments and currently sell for $1,070. a. What is the current yield on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32,16.) c. What is the effective annual yield or effective annual return (EAR)? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) % a. Current yield b. YTM Effective annual yield % % C

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