Workman Software has $10\mathrm{.}8$ percent coupon bonds on the market with $9$ years to maturity. The bonds make semiannual payments and currently sell for $112\mathrm{.}5$ percent of par.

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

multiple choice $1$

$0\mathrm{.}20\%$

$10\mathrm{.}58\%$

$10\mathrm{.}08\%$

$9\mathrm{.}60\%$

b$.$ The YTM$?$

multiple choice $2$

$8\mathrm{.}77\%$

$8\mathrm{.}95\%$

$11\mathrm{.}30\%$

$4\mathrm{.}38\%$

c$.$ The effective annual yield?

multiple choice $3$

$0\mathrm{.}10\%$

$9\mathrm{.}41\%$

$8\mathrm{.}74\%$

$8\mathrm{.}96\%$