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Bourdon Software has 9.54 percent coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 109.84
Bourdon Software has 9.54 percent coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 109.84 percent of par. What is the current yield on the bonds? (Enter your answer as a percentage, omit the "%" sign in your response, and enter your answer with two decimal places. For example, 1.2% should be entered as 1.20.) 8.47 8.69
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