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Unless told otherwise, assume: 1) Semiannual compounding and/or that all coupon bonds are semiannual-pay bonds; 2) Bonds are $1000 par. GHI Company bonds have a

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Unless told otherwise, assume: 1) Semiannual compounding and/or that all coupon bonds are semiannual-pay bonds; 2) Bonds are $1000 par. GHI Company bonds have a coupon rate of 8.82 percent, 9 years to maturity, and a current price of \$989. What is the current yield on these bonds (in percent)? Answer to two decimals. JKL Co. issues zero coupon bonds on the market at a price of $300 per bond. Each bond has a face value of $1,000 payable at maturity in 18 years. What is the yield to maturity for these bonds (in percent)? Answer to two decimals

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