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Workman Software has 11.6 percent coupon bonds on the market with 9 years to maturity. The bonds make semiannual payments and currently sell for 133.4
Workman Software has 11.6 percent coupon bonds on the market with 9 years to maturity. The bonds make semiannual payments and currently sell for 133.4 percent of par.
What is the current yield on the bonds?
9.13%
8.70%
9.63%
0.19%
The YTM?
12.10%
3.31%
6.62%
6.80%
The effective annual yield?
6.59%
7.07%
0.09%
6.73%
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