Problem 6.21 – Software Inc.
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Your numbers will vary.
Difficulty – Normal
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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