Question: Please answer a and b , please show work / formulas for how you solved. Pharoah Corp. has five - year bonds outstanding that pay

Please answer a and b, please show work/formulas for how you solved.
Pharoah Corp. has five-year bonds outstanding that pay a coupon rate of 8.9 percent. If these bonds are priced at $1,068.86. Assume face value is $1,000.(Round answers to 2 decimal places, e.g.15.25%.)
a. What is the yield to maturity on these bonds, assuming semiannual payments?
Yield to maturity:
b. Assume semiannual coupon payments. What is the effective annual yield?
Effective annual yield:

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