Bonds of Francesca Corporation with a par value of $1,000 sell for $970, mature in five years, and have a 8% annual coupon rate paid semiannually. Do not round intermediate calculations. Round your answers to two decimal places. Calculate:

current yield.

% annually

yield to maturity, to the nearest basis point.

% annually

horizon yield (or realized return) for an investor with a three-year holding period and a reinvestment rate of 7% over the period. At the end of three years, the 8% coupon bonds with two years remaining will sell to yield 8%.

% annuall