Bourdon software has 12 percent coupon bonds on the market, Financial Management

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Bourdon software has 12 percent coupon bonds on the market

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

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Financial Management: Bourdon software has 12 percent coupon bonds on the market

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Financial Management: Bourdon software has 12 percent coupon bonds on the market

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