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Hacker Software has 11.2 percent coupon bonds on the market with 20 years to maturity. The...

Hacker Software has 11.2 percent coupon bonds on the market with 20 years to maturity. The bonds make semiannual payments and currently sell for 108.4 percent of par.

Please show work (prefer EXCEL)- I can't seem to get this correct and I want to understand what I am doing wrong.

What is the effective annual yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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Answer #1

Α 1 Par Value 2 Current Rate 3 Years to Maturity 4 Coupon 5 Frequency 6 7 YTM 8 Nominal Annual Yield 9 Effective annual yieldΑ 1 Par Value 100 2 Current Rate =B1*108.4% 3 Years to Maturity 20 4 Coupon =B1*11.2% semi-annually 5 Frequency semi-annual 6

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