What is the current yield on bonds-effective annual yield

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PK Software has 9.4 percent coupon bonds on the market with 25 years to maturity. The bonds make semiannual payments and currently sell for 112.75 percent of par.

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

Current yield   ____%

What is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Yield to maturity _____%

What is the effective annual yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Effective annual yield ____%

Reference no: EM131458417

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