What is the bonds current yield what is the bonds yield to, Financial Management

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What is the bonds current yield what is the bonds yield to

An investor is considering purchasing a bond with a 5.79 percent coupon interest rate, a par value of $1,000 and a market price of $967.73 The bond will mature in nine years. Based on this information, answer the following questions:

a. What is the bond's current yield?

b. What is the bond's approximate yield to maturity?

c. What is the bond's yield to maturity using a financial calculator?

Note: Assume coupon payments are paid annually

QUESTION - a. The bond's current yield is _____%.(Round to two decimal places.)

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