Coupon bonds on the market-effective annual yield

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Reference no: EM131316093

One More Time Software has 9.4 percent coupon bonds on the market with 19 years to maturity. The bonds make semiannual payments and currently sell for 120.2 percent of par.

Required:

(a) What is the current yield on the bonds?

(b) The YTM?

(c) The effective annual yield?

Reference no: EM131316093

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Coupon bonds on the market-effective annual yield : One More Time Software has 9.4 percent coupon bonds on the market with 19 years to maturity. The bonds make semiannual payments and currently sell for 120.2 percent of par. What is the current yield on the bonds? The effective annual yield?
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