One More Time Software has 8.6 percent coupon rate (APR) bonds on the market with 8 years to maturity. The bonds make semiannual payments and currently sell for 104.5 percent of par.

Required:

(a)	What is the current yield on the bonds?
	(Click to select) 0.09% 0.18% 8.64% 8.23% 9.14%

(b)	What is the YTM as an APR?
	(Click to select) 8.02% 9.10% 3.92% 7.84% 7.71%

(c)	What is the YTM as an effective annual rate (EAR)? Note: use the ICONV to convert an APR into an EAR.
	(Click to select) 7.99% 8.39% 0.08% 7.59% 7.81%