Charlotte's Clothing issued a 7 percent bond with a maturity date of 17 years. Five years have passed and the bond is selling for $855. Assume that the bond pays interest annually.

1. What is the current yield? Round your answer to two decimal places.

   %

2. What is the yield to maturity? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest whole number.

   %

3. If four years later the yield to maturity is 9 percent, what will be the price of the bond? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar.

   $