problem1: Brown Enterprises' bonds currently sell for $1,025. They have a nine year maturity, an annual coupon of $80, and a par value of 1,000 dollar. find out their current yield?

[A] 9.00%

[B] 9.10%

[C] 9.20%

[D] 7.80%

[E] 7.90%

problem2: Brown Enterprises' bonds currently sell for $1,025. They have a nine year maturity, an annual coupon of $80, and a par value of $1,000. Determine their yield to maturity?

[A] 7.21%

[B] 7.45%

[C] 7.61%

[D] 6.87%

[E] 7.03%