Suppose that a coupon bond with a par value of $1,000 and a maturity of 7 years is selling for $1,040. The semiannual coupon payments are $23. (a) Find the yield to maturity of this bond.  (b) What is...

Suppose that a coupon bond with a par value of $1,000 and a maturity of 7 years is selling for $1,040. The semiannual coupon payments are $23.

(a) Find the yield to maturity of this bond.

 (b) What is the current yield on this bond?

 (c) Is the yield to maturity less or greater than the current yield? Why?