Question: A BCE bond has 8 years until maturity and a coupon rate of 7.2% payable annually, and sells for $1,100. Face value of the bond

A BCE bond has 8 years until maturity and a coupon rate of 7.2% payable annually, and sells for $1,100. 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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