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Oak Bay Software has 9.5% coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 107.1%
Oak Bay Software has 9.5% coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 107.1% 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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