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Workman Software has 1 0 . 4 percent coupon bonds on the market with 1 5 years to maturity. The bonds make semiannual payments and
Workman Software has percent coupon bonds on the market with years to maturity. The bonds make semiannual payments and currently sell for percent of par.
a What is the current yleld on the bonds?
b The YTM
c The effective annual yield?
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