One More Time Software has 9.4 percent coupon bonds on the market with 19 years to maturity.
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Question:
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 96.2 percent of par.
What is the current yield on the bonds?
(a). 0.20%
(b). 9.77%
(c). 0.10%
(d). 10.76%
(e). 10.26%
Related Book For
Essentials of Corporate Finance
ISBN: 9780073382463
7th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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