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One More Time Software has 9.2 percent coupon rate (APR) bonds on the market with 6 years to maturity. The bonds make semiannual payments and
One More Time Software has 9.2 percent coupon rate (APR) bonds on the market with 6 years to maturity. The bonds make semiannual payments and currently sell for 107.3 percent of par. Required: (a)What is the current yield on the bonds? 8.57% (b)What is the YTM as an APR? (Click to select) What is the YTM as an effective annual rate (EAR)? Note: use the ICONV to convert an APR into an EAR. (Click to select)
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