Ruth Hornsby is looking to invest in a three-year bond that makes semiannual coupon payments at a rate of 5.225 percent. If these bonds have a market price of $970.00, what yield to maturity and effective annual yield can she expect to earn? (Round answer to 2 decimal places, e.g. 15.25%.)
Yield to Maturity _______ %
Effective Annual Yield _______ %