Current Attempt in Progress

Sunland Corp. has five$-$year bonds outstanding that pay a coupon rate of $8\mathrm{.}7$ percent. If these bonds are priced at $$1,063\mathrm{.}16.$ Assume face value is $$1,000.($Round answers to $2$ decimal places, e$.$g$.15\mathrm{.}25\%.)$

What is the yield to maturity on these bonds, assuming semiannual payments?

Yield to maturity $\%$

Assume semiannual coupon payments. What is the effective annual yield?

Effective annual yield $\%$