The 6 Percent Coupon Bonds of Precision Engineering Are Selling

The 6 percent coupon bonds of Precision Engineering are selling for 98 percent of par value. The bonds mature in 8 years and pay interest semiannually. These bonds have current yield of _____ percent, a yield to maturity of _____ percent, and an effective annual yield of _____ percent.

A) 6.12; 6.32; 6.36
B) 6.12; 6.32; 6.42
C) 6.12; 6.36; 6.42
D) 6.23; 6.32; 6.36
E) 6.23; 6.36; 6.42