$1$

Workman Software has $9\mathrm{.}0$ percent coupon bonds on the market with $6$ years to maturity. The bonds make semiannual payments and currently sell for $97\mathrm{.}6$ percent of par.

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

$0\mathrm{.}19\%$

$9\mathrm{.}22\%$

$9\mathrm{.}68\%$

$10\mathrm{.}18\%$

b$.$ The YTM$?$

$9\mathrm{.}50\%$

$9\mathrm{.}71\%$

$9\mathrm{.}53\%$

$4\mathrm{.}76\%$

c$.$ The effective annual yield?

$10\mathrm{.}24\%$

$0\mathrm{.}09\%$

$9\mathrm{.}76\%$

$9\mathrm{.}50\%$