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  • 19-03-2024
  • Business
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What is the Effective Annual Yield (EAY) for Williams Software's 9.2 percent coupon bonds with 23 years to maturity, making semiannual payments, and currently selling for 112.25 percent of par?

a) 8.20%
b) 8.40%
c) 8.60%
d) 8.80%

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