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Charlotte's Clothing issued a 5 percent bond with a maturity date of 15 years. Four...

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Charlotte's Clothing issued a 5 percent bond with a maturity date of 15 years. Four years have passed and the bond is selling for $785. 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 3 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 8 percent, what will be the price of the bond? Use Appendix and Appendix to answer the question. Round your answer to the nearest dollar $

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