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A bond with a par value of $1,000.00 and a coupon rate of 7.00% (semiannual coupon) has a current yield of 7.00%. What is its nominal yield to maturity? The bond has 7 years to maturity.

Group of answer choices

6.39%

7.69%

7.55%

7.29%

7.00%

A bond with a par value of $1,000.00 and a coupon rate of 7.00% (semiannual coupon) has a nominal yield to maturity of 5.30%. If the bond has 8 years to maturity, what is its current yield?

Group of answer choices

6.19%

6.31%

5.74%

5.98%

0.00%