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Oak Bay Software has 9.2% coupon bonds on the market with18 years to maturity. The bonds make semiannual payments and currently sell for 106.8% of
Oak Bay Software has 9.2% coupon bonds on the market with18 years to maturity. The bonds make semiannual payments and currently sell for 106.8% of par. What is the YTM? The effective annual yield?
PLEASE SHOW ALL WORK WITH FORMULAS AND EXACT CALCULATIONS, NOT ON EXCEL PLEASE DON'T USE ABBREVIATIONS PLEASE :)
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