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Charlotte's Clothing issued a 5 percent bond with a maturity date of 15 years, Four vears have passed and the bond is selling for $785.

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Charlotte's Clothing issued a 5 percent bond with a maturity date of 15 years, Four vears have passed and the bond is selling for $785. Assume that the bond pays interest annually. a. What is the current yleid? Round your answer to two decimal places. b. What is the yield to maturity? Use Appendix B and Appendix D to answer the question, Round your answer to the nearest whole number. C. If four yesrs tater the yield to maturity is 8 percent, what will be the price of the bend? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dolso

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