Computation of YTM as well as current yield

1. Brown Enterprises' bonds currently sell for $1,025. They have a 9-year maturity, an annual coupon of $80, and a par value of $1,000. What is their yield to maturity?

a. 6.87%

b. 7.03%

c. 7.21%

d. 7.45%

e. 7.61%

2. Brown Enterprises' bonds currently sell for $1,025. They have a 9-year maturity, an annual coupon of $80, and a par value of $1,000. What is their current yield?

a. 7.80%

b. 7.90%

c. 9.00%

d. 9.10%

e. 9.20%