Bourdon software has 876 percent coupon bonds on the market, Financial Management

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Bourdon software has 876 percent coupon bonds on the market

Bourdon Software has 8.76 percent coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 105.82 percent of par.

What is the current yield on the bonds?

(Enter your answer as a percentage, omit the "%" sign in your response, and enter your answer with two decimal places.

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Financial Management: Bourdon software has 876 percent coupon bonds on the market

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Financial Management: Bourdon software has 876 percent coupon bonds on the market

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