A large corporation decided to take a loan that would be used for one of its expansion project. It will raise the necessary funds by selling 11.6 percent coupon bonds. These bonds will have 7 years to maturity and make semiannual payments. The corporation believes it can sell each bond for 118.0 percent of par. a. Calculate the current yield for these bonds. b. Calculate the yield to maturity for these bonds. c. Calculate the effective annual yield for these bonds.

a.	Calculate the current yield for these bonds.

b.	Calculate the yield to maturity for these bonds.

c.	Calculate the effective annual yield for these bonds.