Workman Software has 10.0 percent coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 104.6 percent of par.

a.	What is the current yield on the bonds?
	multiple choice 1 0.20% 10.54% 9.56% 10.04%

b.	The YTM?
	multiple choice 2 9.64% 10.50% 9.46% 4.73%

c.	The effective annual yield?
	multiple choice 3 10.17% 9.43% 0.10% 9.68%