What is the yield to maturity on a bond that you purchased


What is the yield to maturity on a bond that you purchased for $1,069, assuming that the bond has 8 years to maturity, a par value of $1,000, and a coupon rate of 4.55%?

a. The bond pays coupon interest semiannually. (Round your answer to 4 decimal places.)

Yield to maturity %

b. What is the effective annual yield on this bond? (Round your answer to 4 decimal places.)

Effective annual yield %

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Financial Management: What is the yield to maturity on a bond that you purchased
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