An investor must choose between two bonds Bond A pays $70 annual interest and has a market value of $840 i Bond B pays $75 annual interest and has a market value of $940 It has three Assume the par value of the bonds is $1,000 a. Compute It has 13 years to maturity years to matunity the current yield on both bonds. (Do not round intermediate calculations, Input your answers as a percent rounded to 2 decimal places.) Current Yield Bond A 833 % | 7.98 % Bond B b. Which bond should she select based on your answers to part a? Bond A O Bond B c. A drawback of current yield is that it does not consider the total life of the bond For example, the approximate yield to maturity on Bond A is 9 10 percent. (Use the approximation formula to compute the approximate yield to maturity and use the calculator method to compute the exact yield to maturity. Do not round intermediate calculations. Input your a rounded to 2 decimal places.) imate yield to maturity on Bond B? The Approximate yield to maturity Exact yield to maturity d. Has your answer changed between parts b and c of this question in terms of which bond to select? O Yes