Pk software has 84 percent coupon bonds on the market with


PK Software has 8.4 percent coupon bonds on the market with 23 years to maturity. The bonds make semiannual payments and currently sell for 110.25 percent of par. What is the current yield on PK's bonds? What is the YTM? What is the effective annual yield?

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Finance Basics: Pk software has 84 percent coupon bonds on the market with
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