Workman Software has $7\mathrm{.}6$ percent coupon bonds on the market with $15$ years to maturity. The bonds make semiannual payments and currently sell for $101\mathrm{.}6$ percent of par.

a$.$ What is the current yield on the bonds?

$7\mathrm{.}48\%$

$0\mathrm{.}17\%$

$8\mathrm{.}35\%$

$7\mathrm{.}85\%$

b$.$ The YTM$?$

$7\mathrm{.}60\%$

$7\mathrm{.}42\%$

$3\mathrm{.}71\%$

$8\mathrm{.}10\%$

c$.$ The effective annual yield?

$0\mathrm{.}07\%$

$7\mathrm{.}94\%$

$7\mathrm{.}56\%$

$7\mathrm{.}39\%$