Question: One More Time Software has 6.6 percent coupon bonds on the market with 9 years to maturity. The bonds make semiannual payments and currently sell
One More Time Software has 6.6 percent coupon bonds on the market with 9 years to maturity. The bonds make semiannual payments and currently sell for 101.0 percent of par.
| (a) | What is the current yield on the bonds? |
| (b) | The YTM? |
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| (c) | The effective annual yield? |
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