Problem 13-05 Charlotte's Clothing issued a 8 percent bond with a maturity date of 16 years. Four years have passed and the bond is selling for $865. 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 10 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. Check My Work Icon Key Question 5 of 10