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

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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