What is current yield on the bonds

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Reference no: EM131976257

One More Time Software has 10.2 percent coupon rate (APR) bonds on the market with 6 years to maturity. The bonds make semiannual payments and currently sell for 101.6 percent of par.

Required:

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

(b) What is the YTM as an APR?

(c) What is the YTM as an effective annual rate (EAR)? Note: use the ICONV to convert an APR into an EAR.

Reference no: EM131976257

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