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Goldman Software has 9.2 percent coupon bonds on the market with 18 years to maturity. The...

Goldman Software has 9.2 percent coupon bonds on the market with 18 years to maturity. The bonds make semi-annual payments and currently sell for 107.4 percent of par.

What is current yield on bonds?

What is the YTM ?

What is the Effective Annual Yield?

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Answer #1

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

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