Question: correct answer is 5.2122%. Please show all steps. The market price of a semi-annual pay bond is $987.85. It has 11.00 years to maturity and

correct answer is 5.2122%. Please show all steps. The market price

correct answer is 5.2122%. Please show all steps.

The market price of a semi-annual pay bond is $987.85. It has 11.00 years to maturity and a coupon rate of 5.00%. Par value is $1,000. What is the effective annual yield? answered 5.2556% Submit incorrect Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434)) Correct Answer: 5.2122% Points: 0 More Details Retake Attempts Remaining: Infinity

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