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One More Time Software has 9.0 percent coupon bonds on the market with 7 years to maturity. The bonds make semiannual payments and currently sell

One More Time Software has 9.0 percent coupon bonds on the market with 7 years to maturity. The bonds make semiannual payments and currently sell for 98.1 percent of par. A. What is current yield on the bonds B. The YTM? C. The effective annual yield?

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