Find the current yield on the bonds


Problem: Martin Software has 9.4 percent coupon bonds on the market with 19 years to maturity. The bonds make semi-annual payments and currently sell for 107.5 percent of par.

a. What is the current yield on the bonds?

b. What is the YTM?

c. What is the effective annual yield?

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Finance Basics: Find the current yield on the bonds
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