# A bond has 16 years until maturity, a coupon rate of 7.8%, and sells for $1,071. a.

# A bond has 16 years until maturity, a coupon rate of 7.8%, and sells for $1,071. a.

A bond has 16 years until maturity, a coupon rate of 7.8%, and sells for $1,071. 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? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Yield to maturity %