Workman Software has 11.4 percent coupon bonds on the market with 8 years to maturity. The bonds make semiannual payments and currently sell for 123.4 percent of par.

a.	What is the current yield on the bonds?
	multiple choice 1 10.20% 9.24% 9.70% 0.19%

b.	The YTM?
	multiple choice 2 7.64% 7.46% 11.90% 3.73%

c.	The effective annual yield?
	multiple choice 3 7.98% 7.60% 7.43% 0.09%