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Workman Software has 11.2 percent coupon bonds on the market with 17 years to maturity. The bonds make semiannual pa...

Workman Software has 11.2 percent coupon bonds on the market with 17 years to maturity. The bonds make semiannual payments and currently sell for 119.3 percent of par.
a. What is the current yield on the bonds?
b. The YTM?
c. The effective annual yield?
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COUPON RATE 11.20% YEARS TO MATURITY NPER 17 34 (years to maturity x 2) PMT 56 (face value x coupon rate)/2 FACE VALUE $1,000

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