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Oak Bay Software has 111% coupon bonds on the market with 18 years to maturity The bonds make semiannual payments and currently sell for 108.7%

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Oak Bay Software has 111% coupon bonds on the market with 18 years to maturity The bonds make semiannual payments and currently sell for 108.7% of par What is the YTM? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) YTM % What is the effective annual yield? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Effective annual yield %

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