S$07-21$ Bond Yields $[$LO$2]$

Penguin Software has $5\mathrm{.}9$ percent coupon bonds on the market with $18$ years to maturity. The bonds make semiannual payments and currently sell for $106\mathrm{.}32$ percent of par.

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

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ What is the YTM$?$

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

c$.$ What is the effective annual yield?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

$\backslash$table$[[$a$.$ Current yield,$5\mathrm{.}55,\%$