7. A 3.25 percent Treasury bond is quoted at a price of 99.04. The bond pays interest semiannually. What is the current yield? A) 2.94 percent B) 2.99 percent C) 3.28 percent D) 3.33 percent E) 3.23 percent 8. World Travel has 7 percent, semiannual, coupon bonds outstanding with a current market price of $1,023.46, a par value of $1,000, and a yield to maturity of 6.72 percent. How many years is it until these bonds mature? A) 12.26 years B) 12.53 years C) 18.49 years D) 24.37 years 5 B) 25.05 years