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Martin Software has 9.2 percent coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 106.8
Martin Software has 9.2 percent coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 106.8 percent of par.
1a. What is the current yield on the bonds? (Round to answer to 2 decimals places)
1b. What is YTM? (Round your answer to 2 decimal places.)
1c. What is the effective annual yield? ( Do not round intermediate calculations and round final answer to 2 decimal places.)
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