Question: Williams Software has 8 . 8 percent coupon bonds on the market wit 2 3 years to maturity. The bonds make semiannual payments currently sell

Williams Software has 8.8 percent coupon bonds on the market wit 23 years to maturity. The bonds make semiannual payments currently sell for 111.25 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.,32.16.
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.,32.16.
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.,32.16.
\table[[a. Current yield,],[b. Yield to maturity,%

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