Question: A BCE bond has 14 years until maturity and a coupon rate of 8.4% payable annually, and sells for $1,060. Face value of the bond

A BCE bond has 14 years until maturity and a coupon rate of 8.4% payable annually, and sells for $1,060. Face value of the bond is $1,000.

a. What is the current yield on the bond? (Round your answer to 2 decimal places.)

Current yield % ?

b. What is the yield to maturity? (Round your answer to 2 decimal places.)

Yield to maturity %?

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