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2 Workman Software has 9.6 percent coupon bonds on the market with 16 years to maturity. The bonds make semiannual payments and currently sell for

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2 Workman Software has 9.6 percent coupon bonds on the market with 16 years to maturity. The bonds make semiannual payments and currently sell for 87.5 percent of par. a. What is the current yield on the bonds? 1 points 11.52% eBook 12.02% Print 10.97% References 0.21% b. The YTM? 5.65% 10.10% 11.30% 11.48% c. The effective annual yield? O 12.20% 0.11% O 11.27% O 11.62%

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