An investor is considering purchasing a bond with a 9.61 percent coupon interest rate, a par value of $1,000, and a market price of $962.95 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? Note: Assume coupon payments are paid annualy a. The bond's current yield is%. (Round to two decimal places)