Components of Bond Returns Bond P is a premium bond with a 10 per cent coupon. Bond D is a 7 per cent coupon bond currently selling at a discount. Both bonds make annual payments, have a YTM of 9 per cent, and have 5 years to maturity. The par value is £1,000. What is the current yield for bond P? For bond D? If interest rates remain unchanged, what is the expected capital gains yield over the next year for bond P? For bond D? Explain your answers and the interrelationships among the various types of yield.