rou did not receive credit for this question in a previous attempt Problem 16-3 Bond yields [LO2] An investor must choose between two bonds: Bond A pays $70 annual interest and has a market value of $750. It has 12 years to maturity. Bond B pays $75 annual interest and has a market value of $840. It has four years to maturity. Assume the par value of the bonds is $1,000. (a) Compute the current yield on both bonds. (Round your answers to 2 decimal places. Omit the "%" sign in your response.) Current yield Bond A % Bond B % (b) Which bond should he select based on your answer to part a? O Bond A Bond B (c) A drawback of current yield is that it does not consider the total life of the bond. For example, the approximate yield to maturity on Bond A is 10.69 percent. What is the approximate yield to maturity on Bond B? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)