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An investor is considering purchasing a bond with a 7.89 percent coupon interest rate, a par value of ( $ 1,000 ), and a market

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An investor is considering purchasing a bond with a 7.89 percent coupon interest rate, a par value of \\( \\$ 1,000 \\), and a market price of \\( \\$ 855.17 \\). 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? a. The bond's current yield is \\%. (Round to two decimal places.)

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