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Williams Software has 9.3 percent coupon bonds on the market with 24 years to maturity. The bonds make semiannual payments and currently sell for 112.5 percent of par a. What is the current yield on the bonds? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. What is the YTM? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. c. What is the effective annual yield? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. a. Current yield b. Yield to maturity c. Effective annual yield 8.27% 8.12 % 8.28 %

Williams Software has 9.3 percent coupon bonds on the market with 24 years to maturity. The bonds make semiannual payments and currently sell for 112.5 percent of par a. What is the current yield on the bonds? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. What is the YTM? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. c. What is the effective annual yield? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. a. Current yield b. Yield to maturity c. Effective annual yield 8.27% 8.12 % 8.28 %

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 15P
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I think by excel it will be easy please thanks for ur work

Williams Software has 9.3 percent coupon bonds on the market with 24 years to maturity. The bonds make semiannual payments and currently sell for 112.5 percent of par a. What is the current yield on the bonds? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. What is the YTM? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. c. What is the effective annual yield? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. a. Current yield b. Yield to maturity e. Effective annual yield i 8.27% 8.12% 8.28 %
Transcribed Image Text:Williams Software has 9.3 percent coupon bonds on the market with 24 years to maturity. The bonds make semiannual payments and currently sell for 112.5 percent of par a. What is the current yield on the bonds? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. What is the YTM? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. c. What is the effective annual yield? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. a. Current yield b. Yield to maturity e. Effective annual yield i 8.27% 8.12% 8.28 %
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