Myra Breck must choose between two bonds:

Bond A pays $170 annual interest with semiannual payment and has a market value of $870. It has 9 years to maturity.

Bond B pays $170 annual interest with semiannual payment and has a market value of $930. It has 2 years to maturity.

Assume the par value of the bonds is $1,000.

A drawback of current yield is that it does not consider the total life of the bond. What is the yield to maturity on these bonds? (Do not round intermediate calculations. Round the final answers to 2 decimal places.)

	Yield to maturity
Bond A	11.15 Numeric Response 3.Edit Unavailable. 11.15 incorrect.%
Bond B	24.76 Numeric Response 4.Edit Unavailable. 24.76 incorrect.%