Problem 7-21 Bond Yields [LO2] Workman Software has 11.4 percent coupon bonds on the market with 18 years to maturity. The bonds make semiannual payments and currently sell for 108.5 percent of par. a. What is the current yield on the bonds? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the YTM? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the effective annual yield? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. Current yield % b. YTM 96 C. Effective annual yield 96