A bond with a face value of $1,000 has 14 years until maturity, carries a coupon rate of 6.6%, and sells for $1,079.
a. What is the yield to maturity if interest is paid once a year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 4 decimal places.)
b. What is the yield to maturity if interest is paid semi annually? (Do not round intermediate calculations. Enter your answer as a percent rounded to 4 decimal places.)