For example,if the price of this bond were $1000,its effective yield would be about 10 percent.If the price were $1300,the effective yield would be about 6 percent;if the price were $700, it would be 16.2 percent.For example, if the price of this bond were $1000, its effective yield would be about 10 percent. If the price were $1300, the effective yield would be about 6 percent; if the price were $700, it would be 16.2 percent