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One More Time Software has 11.6 percent coupon bonds on the market with 17 years to maturity. The bonds make semiannual payments and currently sell
| One More Time Software has 11.6 percent coupon bonds on the market with 17 years to maturity. The bonds make semiannual payments and currently sell for 113.6 percent of par. |
| Required: |
| (a) | What is the current yield on the bonds? |
| (Click to select)0.11%11.22%0.20%10.21%10.72% |
| (b) | The YTM? |
| (Click to select)9.93%10.11%9.80%12.10%4.96% |
| (c) | The effective annual yield? |
| (Click to select)0.10%10.18%9.67%10.69%9.90% |
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