Williams Software has $8\mathrm{.}1$ percent coupon bonds on the market with $24$ years to

maturity. The bonds make semiannual payments and currently sell for $109\mathrm{.}5$

percent of par.

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

Note: Do not round intermediate calculations and enter your answer as a

percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ What is the YTM$?$

Note: Do not round intermediate calculations and enter your answer as a

percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

c$.$ What is the effective annual yield?

Note: Do not round intermediate calculations and enter your answer as a

percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$