What is the YTM and What is the effective annual yield

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Bourdon Software has 12 percent coupon bonds on the market with 16 years to maturity. The bonds make semiannual payments and currently sell for 108.8 percent of par. Current yield is 9.63%.

What is the YTM? What is the effective annual yield?

Reference no: EM13944459

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What is the YTM and What is the effective annual yield : Bourdon Software has 12 percent coupon bonds on the market with 16 years to maturity. The bonds make semiannual payments and currently sell for 108.8 percent of par. Current yield is 9.63%. What is the YTM? What is the effective annual yield?

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