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cutebab4786
cutebab4786
15.04.2020 • 
Business

Has 7.9 percent coupon bonds on the market with 22 years to maturity. The bonds make semiannual payments and currently sell for 109 percent of par. a. What is the current yield on the bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the effective annual yield?

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