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Workman Software has 1 0 . 4 percent coupon bonds on the market with 1 5 years to maturity. The bonds make semiannual payments and

Workman Software has 10.4 percent coupon bonds on the market with 15 years to maturity. The bonds make semiannual payments and currently sell for 93.6 percent of par.
a. What is the current yleld on the bonds?
11.11%
0.21%
11.67%
12.17%
b. The YTM?
11.29%
11.47%
10.90%
5.64%
c. The effective annual yield?
11.61%
11.26%
12.19%
0.11%
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