What is the effective annual yield

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PK Software has 8.3 percent coupon bonds on the market with 22 years to maturity. The bonds make semi annual payments and currently sell for 110.00 percent of par. Requirement 1: What is the current yield on PK's bonds? 7.55% Requirement 2: What is the YTM? Requirement 3: What is the effective annual yield?

Reference no: EM13721697

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