Bourdon software has 108 percent coupon bonds on the market


Bourdon Software has 10.8 percent coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 108.2 percent of par. What is the current yield on the bonds? (Do not round intermediate calculations. 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. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) YTM % What is the effective annual yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Effective annual yield %

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Financial Management: Bourdon software has 108 percent coupon bonds on the market
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