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One More Time Software has 10.0 percent coupon bonds on the market with 20 years to maturity. The bonds make semiannual payments and currently sell

One More Time Software has 10.0 percent coupon bonds on the market with 20 years to maturity. The bonds make semiannual payments and currently sell for 119.3 percent of par. Required: (a) What is the current yield on the bonds? (b) The YTM? (c) The effective annual yield?

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