A bond has a coupon rate of 8%, the equivalent market rate is 6%, the face value of the bond is $1,000, and the price is $1,175. How much can Gordon expect to receive in coupon payments each year from that bond and what would be the current yield?

Group of answer choices

$80; 6.8%

$1060; 6.8%

$1080; 6%

$1000; 8%

$60; 6%