Problem 6-6 Bond Yields (L01, 2) A bond with a face value of $1,000 has 16 years until maturity, has a coupon rate of 5.8%, and sells for $1,109. a. What is the current yield on the bond? (Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. Current yield 7.57 % b. What is the yield to maturity if interest is paid once a year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 4 decimal places.) Answer is complete but not entirely correct. Yield to maturity 7.2286 % c. What is the yield to maturity if interest is paid semiannually? (Do not round intermediate calculations. Enter your answer as a percent rounded to 4 decimal places.) X Answer is complete but not entirely correct. Yield to maturity 7.2387 %