Workman Software has 12.2 percent coupon bonds on the market with 12 years to maturity. The bonds make semiannual payments and currently sell for 102.1 percent of par.

part1. What is the current yield on the bonds? multiple choice 1 12.55% 0.22% 11.95% 13.05%

part2 The YTM? multiple choice 2 12.04% 5.93% 12.70% 11.86%

part3 The effective annual yield? multiple choice 3 12.21% 11.83% 0.12% 12.82%