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Jimmy's Furniture Store has 8.2 percent coupon bonds on the market with 21 years to maturity that make semiannual payments and sell for 106.9 percent
Jimmy's Furniture Store has 8.2 percent coupon bonds on the market with 21 years to maturity that make semiannual payments and sell for 106.9 percent of par. a. Estimate the current yield on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. Estimate the yield to maturity on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. Compute the effective annual yield on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. % Current yield b. YTM Effective annual yield % % C
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