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22. A bond matures in 12 years, and pays an 8 percent annual coupon. The bond has a face value of $1,000, and currently sells

22. A bond matures in 12 years, and pays an 8 percent annual coupon. The bond has a face value of $1,000, and currently sells for $985. What is the bonds current yield and yield to maturity?

A. Current yield = 8.00%; yield to maturity = 7.92%.

B. Current yield = 8.12%; yield to maturity = 8.20%.

C. Current yield = 8.20%; yield to maturity = 8.37%.

D. Current yield = 8.12%; yield to maturity = 8.37%.

E. Current yield = 8.12%; yield to maturity = 7.92%.

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