Workman Software has 8.4 percent coupon bonds on the market with 20 years to maturity. The bonds make semiannual payments and currently sell for 107 percent of par.

a. What is the current yield on the bonds?

b. What is the YTM?

c. What is the effective annual yield?

Consider the following three bond quotes; a treasury note quoted at 87.25, and a corporate bond quoted at 102.42, and a municipal bond quoted at 101.45. if the treasury and corporate bonds have a par value of $1,000 and the municipal bond has a par value of $5,000, what is the price of these three bonds in dollars? multiple choice $872.50, $1,000, $1,000, respectively $1,000, $1,024.20, $1,001.45, respectively $872.50, $1,024.20, $5,072.50, respectively $1,000, $1,000, $1,000, respectively