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Problem:

One More Time Software has 8.3 percent coupon bonds on the market with 9 years to maturity. The bonds make semiannual payments and currently sell for 105.168 percent of par. The current yield on the bonds is 7.9 percent, the YTM is _______ percent, and the effective annual yield is ________ percent.

Explain all workings out and describe comprehensively.

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Category:- Basic Finance
Reference No.:- M91146886

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