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1) A bond currently trades at a price of $933.11 in the market. The bond offers a coupon rate of 9%, paid annually, and has

1) A bond currently trades at a price of $933.11 in the market. The bond offers a coupon rate of 9%, paid annually, and has a maturity of 8 years. What is the bond's current yield?

2) A bond offers a coupon rate of 6%, paid annually, and has a maturity of 14 years. The current market yield is 14%. If market conditions remain unchanged what should be the capital gains yield of the bond?

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