What is current yield on bonds and effective annual yield

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Reference no: EM13948614

One More Time Software has 9.4 percent coupon bonds on the market with 15 years to maturity. The bonds make semiannual payments and currently sell for 98.0 percent of par.

(a) What is the current yield on the bonds?

(b) YTM?

Reference no: EM13948614

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