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What is the current yield on pk bonds

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Reference no: EM132134757

PK Software has 7.6 percent coupon bonds on the market with 23 years to maturity. The bonds make semiannual payments and currently sell for 108.25 percent of par.

What is the current yield on PK's bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

I get the current yield is 7.02%, but I can't figure out the:

Yield to maturity?

Effective annual yield?

Reference no: EM132134757

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