What is the current yield on pks bonds what is the


PK Software has 7.8 percent coupon bonds on the market with 20 years to maturity. The bonds make semiannual payments and currently sell for 97 percent of par.

Requirement 1:

What is the current yield on PK's bonds? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

  Current yield %

Requirement 2:

What is the YTM? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

  Yield to maturity %

Requirement 3:

What is the effective annual yield?

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Financial Management: What is the current yield on pks bonds what is the
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