What is the effective annual yield

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Reference no: EM13276258

PK Software has 8.4 percent coupon bonds on the market with 23 years to maturity. The bonds make semiannual payments and currently sell for 110.25 percent of par. What is the current yield on PK's bonds? What is the YTM? What is the effective annual yield?

Reference no: EM13276258

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