A bond with a face value of $1,000 has 16 years until maturity, has a coupon rate of 7.8%, and sells for $1,071. a. What is the current yield on the bond? (Enter your answer as a percent rounded to 2 decimal places.) Answer is complete and correct. Current yield 7.29 b. What is the yield to maturity if interest is paid once a year? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 4 decimal places.) Answer is complete and correct. 7.0600 Vield to maturity c. What is the yield to maturity if interest is paid semiannually? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 4 decimal places.) A bond with a face value of $1,000 has 16 years until maturity, has a coupon rate of 7.8%, and sells for $1,071. a. What is the current yield on the bond? (Enter your answer as a percent rounded to 2 decimal places.) Answer is complete and correct. Current yield 7.29 b. What is the yield to maturity if interest is paid once a year? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 4 decimal places.) Answer is complete and correct. 7.0600 Vield to maturity c. What is the yield to maturity if interest is paid semiannually? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 4 decimal places.)