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PK . Software has 7 . 5 % coupon bonds on the market with 2 2 years to maturity. Thebonds make semiannual payments and currently

.

Software has

7.5 %

coupon bonds on the market with

22

years to maturity. Thebonds make semiannual payments and currently sell for

106 %

of paru What is the current yield on PKs bonds?? u The YTM

?

u The effective annual yield?

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