One More Time Software has 9.4 percent coupon bonds on the market with 19 years to maturity.

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One More Time Software has 9.4 percent coupon bonds on the market with 19 years to maturity. The bonds make semiannual payments and currently sell for 96.2 percent of par.

What is the current yield on the bonds?

(a). 0.20%

(b). 9.77%

(c). 0.10%

(d). 10.76%

(e). 10.26%

Related Book For answer-question

Essentials of Corporate Finance

ISBN: 9780073382463

7th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Posted Date: Feb 21, 2019 12:23 AM

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One More Time Software has 9.4 percent coupon bonds on the market with 19 years to maturity.

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Essentials of Corporate Finance

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