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Workman Software has 9.8 percent coupon bonds on the market with 8 years to maturity. The bonds make semiannual payments and currently sell for 119.4

Workman Software has 9.8 percent coupon bonds on the market with 8 years to maturity. The bonds make semiannual payments and currently sell for 119.4 percent of par.

a. What is the current yield on the bonds? multiple choice 1 0.18% 8.62% 8.21% 9.12% b. The YTM? multiple choice 2 3.32% 10.30% 6.82% 6.64% c. The effective annual yield? multiple choice 3 7.09% 6.75% 0.08% 6.61%

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