A bond issued by Zena Corp. currently sells at a yield to maturity of 7 percent. The bond has 1,000 face value, matures in 6 years and has a 8 percent annual coupon paid annually. Calculate: (a) Current yield. (b) The realized compound yield for an investor holding the bond to maturity. The reinvestment rates in the firrst three years are 6.5 percent. In year 4, 5 and 6, the reinvestment rate equals to 6 percent.