Chapter 7 Question 21 21. Bond Yields [LO2) Workman Software has 6.4 percent coupon bonds on the mar- ket with 18 years to maturity. The bonds make semiannual payments and currently sell for 94.31 percent of par. What is the current yield on the bonds? The YTM? The effective annual yield? Input area: 0 1 12 13 Settlement date Maturity date Annual coupon rate Coupons per year Face value (% of par) Bond price (% of par) 1/1/2000 1/1/2018 6.4% 15 17 TE 100 94.31 20 21 Output area: Output area: Current yield Yield to maturity Effective annual rate