Question: 21. Bond Yields (L02) Workman Software has 6.4 percent coupon bonds on the mar ket with 18 years to maturity. The bonds make semiannual payments

21. Bond Yields (L02) Workman Software has 6.4 percent coupon bonds

21. Bond Yields (L02) Workman Software has 6.4 percent coupon bonds on the mar ket with 18 years to maturity. The bonds make semiannual payments and currently sell for 94.31 percent of par. What is the current yield on the bonds? The YTM? The effective annual yield

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