Question: 1 7 - Sunland , Inc., has four - year bonds outstanding that pay a coupon rate of 7 . 4 0 percent and make

17-Sunland, Inc., has four-year bonds outstanding that pay a coupon
rate of7.40percent and make coupon payments
semiannually. If these bonds are currently selling at $919.89.What is the yield to maturity that an investor can expect to
earn on these bonds?(Round answer to 1 decimal
place, e.g.15.2%.)
What is the effective annual yield?(Round answer
to 1 decimal place, e.g.15.2%.)
%

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