You own a bond with a par value of $1,000 and a coupon rate of 7.00% (semiannual coupon). You know it has a current yield of 9.00%. What is its yield to maturity? The bond has 5 years to maturity....

Extracted text: You own a bond with a par value of $1,000 and a coupon rate of 7.00% (semiannual coupon). You know it has a current yield of 9.00%. What is its yield to maturity? The bond has 5 years to maturity. Current Yield = (annual payment / price). (hint: solve for price to answer the question). 14.30% 13.21% 13.47% 13.93% O 13.54%