Question: Oak Bay Software has 1 0 . 6 % coupon bonds on the market with 1 8 years to maturity. The bonds make semiannual payments

Oak Bay Software has 10.6% coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 108.2% of par.
What is the YTM?(Do not round intermediate calculations. Round the final answer to 2 decimal places.)
YTM 9.63 Numeric Response Edit Unavailable. 9.63 correct. %
What is the effective annual yield? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)
Effective annual yield 13.91 Numeric Response Edit Unavailable. 13.91 incorrect. %

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