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Workman Software has 6.4 percent coupon bonds on the market with 7 years to maturity. The bonds make semiannual payments and currently sell for 85.2
Workman Software has 6.4 percent coupon bonds on the market with 7 years to maturity. The bonds make semiannual payments and currently sell for 85.2 percent of par. a. What is the current yield on the bonds? 7.51%0.18%7.89%8.39% b. The YTM? 4.66%6.90%9.50%9.32% c. The effective annual yield? 0.08%9.54%10.01%9.29%
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