Workman Software has $7\mathrm{.}2$ percent coupon bonds on the market with $17$ years to maturity. The bonds make semiannual payments and currently sell for $92\mathrm{.}5$ percent of par.

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

multiple choice $1$

$0\mathrm{.}18\%$

$8\mathrm{.}67\%$

$7\mathrm{.}78\%$

$8\mathrm{.}17\%$

b$.$ The YTM$?$

multiple choice $2$

$8\mathrm{.}02\%$

$4\mathrm{.}01\%$

$7\mathrm{.}70\%$

$8\mathrm{.}20\%$

c$.$ The effective annual yield?

multiple choice $3$

$8\mathrm{.}18\%$

$7\mathrm{.}99\%$

$8\mathrm{.}59\%$

$0\mathrm{.}08\%$