Bond Yields：Butuan Engineering has 8.4 percent coupon bonds on the market with nine years to maturity.?
Butuan Engineering has 8.4 percent coupon bonds on the market with nine years to maturity.
The bonds make semiannual payments and currently sell for 104 percent of par.
What is the current yield on the bonds? The YTM ?
The effective annual yield？
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Verified answer
CY = 8.077%
YTM = 7.766%
EAY = 8.4%