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Workman Software has 9.0 percent coupon bonds on the market with 12 years to maturity. The bonds make semiannual payments and currently sell for

Workman Software has 9.0 percent coupon bonds on the market with 12 years to maturity. The bonds make semiannual payments and currently sell for 82.5 percent of par. a. What is the current yield on the bonds?

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