Attempts 3. Problem 13-04 eBook Keep the Highest/3 Problem 13-04 Carrie's Clothes, Inc. has a seven-year bond outstanding that pays $60 annually. The face value of each bond is $1,000, and the bond sells for $860. a. What is the bond's coupon rate? Round your answer to two decimal places. % b. What is the current yield? Round your answer to two decimal places. % c. What is the yield to maturity? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest whole number. %

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A:

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