the investor select? Why? 4 11. Calculating current yield and yield to maturity. Describe and differentiate between a bond's (a) current yield and (b) yield to maturity. Why are these yield measures important to the bond in- vestor? Find the yield to maturity of a 20-year, 9 percent, $1,000 par value bond trading at a price of $850. What's the current yield on this bond? Calculating key financial ratios. Selected financial information about Backpacking Resources Inc. is as follows: 3,4, p. 470 2. $20,000,000 $8,000,000 Total assets LG5,6 Total liabilities $3,000,000 Total preferred stock Total annual preferred stock dividends Net profits after tax Number of shares of common stock outstanding $240,000 $2,500,000 500,000 shares G5,6, $50.00 a share Current market price of common stock $2.50 a share Annual common stock dividends Using the company's financial information, compute the following: Dividend yield Book value per share EPS a. 65,6, p b. . P/E ratio d