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Bond Yields: Bonino Software has 6.4% coupon bonds on the market with 11 years to maturity. The bonds make semiannual payments and currently sell for

Bond Yields: Bonino Software has 6.4% coupon bonds on the market with 11 years to maturity. The bonds make semiannual payments and currently sell for 108 percent of par. What is the current yield on the bonds? The YTM? The effective annual yield?

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