An investor must choose between two bonds:
Bond A pays $87 annual interest and has a market value of $780.
It has 10 years to maturity.
Bond B pays $92 annual interest and has a market value of $820.
It has two years to maturity.
Assume the par value of the bonds is $1,000.
a. Compute the current yield on both bonds.
(Do not round intermediate calculations. Input your answers
as a percent rounded to 2 decimal places.)
Current Yield...