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Workman Software has 12.0 percent coupon bonds on the market with 9 years to maturity. The bonds make semiannual payments and currently sell for 133.3

Workman Software has 12.0 percent coupon bonds on the market with 9 years to maturity. The bonds make semiannual payments and currently sell for 133.3 percent of par.

a. What is the current yield on the bonds?

b. The YTM?

c. The effective annual yield?

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