Bourdon software has 102 percent coupon bonds on the market


Bourdon Software has 10.2 percent coupon bonds on the market with 20 years to maturity. The bonds make semiannual payments and currently sell for 107.9 percent of par.

What is the current yield on the bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Current yield_________ %

What is the YTM?

YTM _______%

What is the effective annual yield?

Effective annual yield_________ %

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Financial Management: Bourdon software has 102 percent coupon bonds on the market
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