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1) VIX Strategy Inc. has 7.4% coupon bonds on the market with 13 years to maturity....

1) VIX Strategy Inc. has 7.4% coupon bonds on the market with 13 years to maturity. The bonds make semiannual payments and currently sell for 77.6% of par.

a) What is the current yield on the bonds?

b) What is the YTM?

c) What is the Effective Annual Yield (EAR)?

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