Oak Bay Software has 9.9% coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and c
Posted: Sun Jun 05, 2022 10:16 am
Oak Bay Software has 9.9% coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 107.5% of par. What is the YTM? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) YTM % What is the effective annual yield? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Effective annual yield %