PK Software has 8.6 percent coupon bonds on the market with 25 years to maturity

Question

PK Software has 8.6 percent coupon bonds on the market with 25 years to maturity. The bonds make semiannual payments and currently sell for 110.75 percent of par.

What is the current yield on PK's bonds? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

What is the YTM? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

What is the effective annual yield? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

PK Software has 8.6 percent coupon bonds on the market with 25 years to maturity. The bonds make semiannual payments and currently sell for 110.75 percent of par.

Explanation / Answer

17.77% CUURENT YIELD2 YTM -408.46 3 Effective annual yield 8.96%

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