Question: Williams Software has 9 . 2 percent coupon bonds on the market with 2 3 years to maturity. The bonds make semiannual payments and currently

Williams Software has 9.2 percent coupon bonds on the market with 23 years to maturity. The bonds make semiannual payments and currently sell for 112.25 percent of par.
What is the Effectice Annual Yield?

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