Washington Software has 8.8 percent coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for $1.218. a. What is the current yield on Washington's bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.) b. What is the YTM? (Do not round intermediate calculations and enter your answer os a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the effective annual yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) * Answer is not complete. a. 7.22 % b. Current yield Yield to maturity Effective annual yield 9 C. %