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4. MGC Corporation issued two bands with the following features. The yield to maturity for both bonds is 8% Bond X Bond Y Par $1,000

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4. MGC Corporation issued two bands with the following features. The yield to maturity for both bonds is 8% Bond X Bond Y Par $1,000 $1,000 Munity in years 10 5 Coupon rate 6% 1096 Coupon frequency semianmal Semiannual a) Calculate the current values of the bonds b) Calculate the current yield and capital gains yield for each bond during year 1 c) which bod value is more sensitive to changes in interest rate? Why

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