Question: Now let's say that Bourdon Software has 11.8 percent coupon bonds on the market with 17 years to maturity. The bonds make semiannual payments and

Now let's say that Bourdon Software has 11.8 percent coupon bonds on the market with 17 years to maturity. The bonds make semiannual payments and currently sell for 107 percent of par. What is the YTM? Round two places.

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