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Workman Software has 10.0 percent coupon bonds on the market with 8 years to maturity. The bonds make semiannual payments and currently sell for 90.7
Workman Software has 10.0 percent coupon bonds on the market with 8 years to maturity. The bonds make semiannual payments and currently sell for 90.7 percent of par. a. What is the current yield on the bonds? ed 11.58% 12.08% 0.21% 11.03% b. The YTM? 5.92% 10.50% 11.83% 12.01% c. The effective annual yield? 11.80% 0.11% 12.79% 12.18%
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