Martin software has 84 percent coupon bonds on the market


Martin Software has 8.4 percent coupon bonds on the market with 20 years to maturity. The bonds make semi-annual payments and currently sell for 107.0 percent of par. What is the current yield on the bonds? What is the YTM? What is effective rate of yields?

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Financial Management: Martin software has 84 percent coupon bonds on the market
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