Weismann Company issued $9-$year bonds a year ago at a coupon rate of $11$ percent. The

bonds make semiannual payments and have a par value of $$1,000.$ If the YTM on these

bonds is $11$ percent, what is the current bond price?

Multiple Choice

$$1,005\mathrm{.}00$

$$1,010\mathrm{.}00$

$$1,579\mathrm{.}42$

$$1,000\mathrm{.}00$

$$697\mathrm{.}46$

Workman Software has $8\mathrm{.}4$ percent coupon bonds on the market with $10$ years to maturity.

The bonds make semiannual payments and currently sell for $96\mathrm{.}7$ percent of par.

a$.$ What is the current yield on the bonds?

multiple choice $1$

$9\mathrm{.}62\%$

$0\mathrm{.}19\%$

$9\mathrm{.}12\%$

$8\mathrm{.}69\%$

b$.$ The YTM$?$

multiple choice $2$

$4\mathrm{.}45\%$

$8\mathrm{.}90\%$

$9\mathrm{.}08\%$

$8\mathrm{.}90\%$

c$.$ The effective annual yield?

multiple choice $3$

$8\mathrm{.}87\%$

$9\mathrm{.}55\%$

$9\mathrm{.}10\%$

$0\mathrm{.}09\%$