You own a bond with a par value of $1,000 and a coupon rate of 8.75% (semiannual coupon). You know it has a current yield of 8.75%. What is its yield to maturity? The bond has 7 years to maturity. Current Yield = (annual payment / price). (hint: solve for price to answer the question). \begin{tabular}{|} \hline 8.75% \\ \hline 9.27% \\ \hline 8.84% \\ \hline 9.43% \\ \hline 8.91% \\ \hline \end{tabular}