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Ernie bought Bond E for $860 one year ago. The bond currently has six years to maturity and has an annual coupon rate of 8%,

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Ernie bought Bond E for $860 one year ago. The bond currently has six years to maturity and has an annual coupon rate of 8%, making semi-annual coupon payments. If the current price of the bond is $960, what do you know about Ernie's current yield compared to the yield to maturity (YTM) of the bond today? Not enough information to determine Current yield > YTM Current yield = YTM Current yield

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