Bonds of Francesca Corporation with a par value of $1,000 sell for $920, mature in four years, and have a 9% annual coupon rate paid semiannually. Do not round intermediate calculations. Round your answers to two decimal places. Calculate:

a. current yield: ____% annually

b. yield to maturity, to the nearest basis point: ____% annually

c. horizon yield (or realized return) for an investor with a two-year holding period and a reinvestment rate of 8% over the period. At the end of two years, the 9% coupon bonds with two years remaining will sell to yield 9%: ____% annually