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Workman Software has 6.6 percent coupon bonds on the market with 8 years to maturity. The bonds make semiannual payments and currently sell for 83.6

Workman Software has 6.6 percent coupon bonds on the market with 8 years to maturity. The bonds make semiannual payments and currently sell for 83.6 percent of par.

a. What is the current yield on the bonds?
  • 8.79%

  • 8.29%

  • 0.18%

  • 7.89%

b. The YTM?
  • 7.10%

  • 4.79%

  • 9.77%

  • 9.59%

c. The effective annual yield?
  • 10.31%

  • 0.08%

  • 9.56%

  • 9.82%

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