Coupon bonds on market-what is the effective annual yield

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Reference no: EM13937216

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.

Requirement 1:

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

Yeild to maturity _____%

Requirement 2:

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

Effective Annual Rate ____%

Reference no: EM13937216

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