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VaughnLimited has bonds outstanding that will mature in8years. The bonds have a face value of $1,000. The bonds pay interest semi-annually and have a coupon

VaughnLimited has bonds outstanding that will mature in8years. The bonds have a face value of $1,000. The bonds pay interest semi-annually and have a coupon rate of4.5percent. If the bonds are currently selling at $898.82, what is the yield to maturity that an investor who buys them today can expect to earn?(Round answer to 1 decimal place, e.g. 5.2%.)

Yield to maturity%

What is the effective annual yield?(Round answer to 2 decimal places, e.g. 5.27%.)

Effective annual yield%

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