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Charlotte's Clothing issued a 7 percent bond with a maturity date of 16 years. Four years have passed and the bond is selling for $855.

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Charlotte's Clothing issued a 7 percent bond with a maturity date of 16 years. Four years have passed and the bond is selling for $855. Assume that the bond pays interest annually a. What is the current yield? 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 three 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

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