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Workman Software has 7.4 percent coupon bonds on the market with 8 years to maturity. The...

Workman Software has 7.4 percent coupon bonds on the market with 8 years to maturity. The bonds make semiannual payments and currently sell for 95.1 percent of par.
a. What is the current yield on the bonds?
  • 7.78%
  • 8.17%
  • 8.67%
  • 0.18%
  • 0.08%
b. The YTM?
  • 8.24%
  • 4.12%
  • 7.90%
  • 8.42%
  • 8.11%
c. The effective annual yield?
  • 8.41%
  • 8.83%
  • 8.21%
  • 0.08%
  • 7.99%
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