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1) Bond Yields: A Japanese company has a bond outstanding that sells for 103.25 percent of its €100,000 par value. The bond has a coupon rate of 4.9 percent paid annually and matures in 18 years. What is the yield to maturity of this bond?

2) Bond Yields: Bonino Software has 6.4% coupon bonds on the market with 11 years to maturity. The bonds make semiannual payments and currently sell for 108 percent of par.

a) What is the current yield on the bonds?

b) The YTM? The effective annual yield?

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