Question: Sample Test Problem 8.03 Wildhorse, Inc., has bonds outstanding that will mature in 8 years. The bonds have a face value of $1,000. These bonds

Sample Test Problem 8.03 Wildhorse, Inc., has bonds outstanding that will

Sample Test Problem 8.03 Wildhorse, Inc., has bonds outstanding that will mature in 8 years. The bonds have a face value of $1,000. These bonds pay interest semiannually and have a coupon rate of 4.6 percent. If the bonds are currently selling at $891.92, what is the yield to maturity that an investor who buys them today can expect to earn? (Round answer to 3 decimal place, e.g. 5.275%.) Yield to maturity What is the effective annual yield? (Round answer to 3 decimal places, e.g. 5.275%.) Effective annual yield Click if you would like to Show Work for this question: Open Show Work I TNV TO TEYT

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