What is the effective annual yield and current yield

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Reference no: EM13921941

PK Software has 9.1 percent coupon bonds on the market with 22 years to maturity. The bonds make semiannual payments and currently sell for 112 percent of par.

Requirement 1: What is the current yield on PK's bonds?

Requirement 2: What is the YTM?

Requirement 3: What is the effective annual yield?

Reference no: EM13921941

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