Bourdon software has 52 percent coupon bonds on the market


Bourdon Software has 5.2 percent coupon bonds on the market with 19 years to maturity. The bonds make semiannual payments and currently sell for 104 percent of par.

What is the effective annual yield?

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Finance Basics: Bourdon software has 52 percent coupon bonds on the market
Reference No:- TGS02224686

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