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One More Time Software has 9.2% coupon bonds on the market with 9 years to maturity....

One More Time Software has 9.2% coupon bonds on the market with 9 years to maturity. The bonds make semiannual payments and currently sell for 106.8% of par. What is the current yield on the bonds? Show all calculations.

A. The YTM?

B. The effective annual yield?

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