Workman Software has $9\mathrm{.}4$ percent coupon bonds on the market with $13$ years to

maturity. The bonds make semiannual payments and currently sell for $112\mathrm{.}6$ percent of

par.

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

$9\mathrm{.}27\%$

$0\mathrm{.}18\%$

$8\mathrm{.}77\%$

$8\mathrm{.}35\%$

b$.$ The YTM$?$

$7\mathrm{.}84\%$

$9\mathrm{.}90\%$

$8\mathrm{.}02\%$

$3\mathrm{.}92\%$

c$.$ The effective annual yield?