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One More Time Software has 10.2 percent coupon bonds on the market with 11 years to maturity. The bonds make semiannual payments and currently sell

One More Time Software has 10.2 percent coupon bonds on the market with 11 years to maturity. The bonds make semiannual payments and currently sell for 131.6 percent of par. Required: (a) What is the current yield on the bonds?

(b) The YTM?

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