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Question: PK Software has 7.5 percent coupon bonds...

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Question

Question: PK Software has 7.5 percent coupon bonds on the market with 22 years to maturity. The bonds make semiannual payments and currently sell for 108 percent of par. What's the current yield on PK's bonds? The YTM? The effective annual yield? Please see attached. It is #18.

 

Paper#13010 | Written in 18-Jul-2015

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