Workman Software has 12.2 percent coupon bonds on the market with 5 years to maturity. The bonds make semiannual payments and currently sell for 109.0 percent of par.

a. What is the current yield on the bonds?

multiple choice

0.21%

12.25%

11.75%

11.19%

b. The YTM?

multiple choice

12.70%

4.93%

9.87%

10.05%

c. The effective annual yield?

multiple choice

10.11%

0.11%

10.62%

9.84%