Problem 6.21 – Software Inc.
Essentials of Corporate Finance
Ross, Westerfield, and Jordan
10th Edition and 11th Edition
What is the current yield, YTM, and the effective annual yield on 6.4 percent coupon bonds with 18 years to maturity, making semiannual payments, and currently selling for 106.32 percent of par? Your numbers will vary. Calculate the current yield, yield to maturity, and the effective annual yield on the bonds.
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Your numbers will vary.