Harold Reese must choose between two bonds:. Bond A pays $102 annual interest and has a market value of $890. It has 10 years to maturity.
Bond B pays $88 annual interest and has a market value of $800. It has five years to maturity.
Assume the par value of the bonds is $1,000.
A. Compute the current yield on both bondsBond A 0.1089 or 10.89Bond B 0.1062 or 10.62C. 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 X is 11.90 percent. What is the approximate yield to maturity on Bond Z? The exact yield to maturity?Approximate yield to maturity 16.19 ()(How do you get the Exact yield to maturity) for this problem?

Depreciation on the company's equipment for 2017 is computed to be $18,000.the prepaid insurance account had a $6,000 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of the company's insurance policies showed that $1,100 of unexpired insurance coverage remains. the office supplies account had a $700 debit balance on december 31, 2016; and $3,480 of office supplies were purchased during the year. the december 31, 2017, physical count showed $300 of supplies available. two-thirds of the work related to $15,000 of cash received in advance was performed this period. the prepaid insurance account had a $6,800 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of insurance policies showed that $5,800 of coverage had expired. wage expenses of $3,200 have been incurred but are not paid as of december 31, 2017.