Mr. Cullums has 5-yr semi-annual bonds outstanding that pay a coupon rate of 8.1%, these bonds are priced at $1066.66. What is the YTM on these bonds? (Round 2 decimal places) _______%   Assume semi-annual coupon pymts. What is the effective annual yield?(again, round 2 decimal places) _______%

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Mr. Cullums has 5-yr semi-annual bonds outstanding that pay a coupon rate of 8.1%, these bonds are priced at $1066.66.

What is the YTM on these bonds? (Round 2 decimal places)

_______%

 

Assume semi-annual coupon pymts. What is the effective annual yield?(again, round 2 decimal places) _______%

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