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Charlotte's Clothing issued a 4 percent bond wth a maturity date of 13 years. Four years have passed and the bond is seling for $865.
Charlotte's Clothing issued a 4 percent bond wth a maturity date of 13 years. Four years have passed and the bond is seling for $865. Assume that the bond gpays interest annually, a What is the curent yield? Round your answer to two deomal places. b What is the vield to maturity? Lse Appendix B and Appendix D to answer the question. Round your answer to the nearest whole number c If four years later the yield to maturity is 6 percent, what wi be the price of the bond? Use Appendix B and Appendix D to answer the question. Round your answer to the neares dollar
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