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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
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One More Time Software has 12.0 percent coupon bonds on the market with 7 years to maturity. The bonds make semiannual payments and currently sell for 112.9 percent of par. |
| Required: |
| (a) | What is the current yield on the bonds? |
| Â | Â |
| Â |
Choices 0.21% 10.63% 11.16% 0.11% 11.66% |
| (b) | The YTM? |
| Â | Â |
| Â |
Choices 4.72% 9.44% 9.62% 12.50% 9.31% |
| (c) | The effective annual yield? |
| Â | Â |
| Â |
Choices 9.66% 9.18% 0.11% 9.41% 10.15% |
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