A bond has 16 years until maturity, a coupon rate of 6.8%, and sells for $1,106.

A bond has 16 years until maturity, a coupon rate of 6.8%, and sells for $1,106.

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

Current yield

6.15  %

b.	What is the yield to maturity? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Yield to maturity

5.77  %