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Workman Software has 12.0 percent coupon bonds on the market with 16 years to maturity. The bonds make semiannual payments and currently sell for 127.7
Workman Software has 12.0 percent coupon bonds on the market with 16 years to maturity. The bonds make semiannual payments and currently sell for 127.7 percent of par. a. What is the current yield on the bonds? b. The YTM? c. The effective annual yield?
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