What is the yield to maturity on these bonds

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Reference no: EM13268179

Serengeti Corp. has five-year bonds outstanding that pay a coupon of 11.86 percent. If these bonds are priced at $1,075.57. Assume semiannual coupon payments.

What is the yield to maturity on these bonds?

What is the effective annual yield?

 

Reference no: EM13268179

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