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PK Software has 8% coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 93 percent

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PK Software has 8% coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 93 percent of par. What is the current yield on PK's bonds? 12- What is the YTM? What is the effective annual yield

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