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One More Time Software has 10.6 percent coupon bonds on the market with 5 years to maturity. The bonds make semiannual payments and currently sell

One More Time Software has 10.6 percent coupon bonds on the market with 5 years to maturity. The bonds make semiannual payments and currently sell for 116.9 percent of par. Required:

(a) What is the current yield on the bonds?

(b) The YTM?

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