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8 . Brown Enterprises has 9 - year, $ 1 , 0 0 0 par value bonds that have a yield to maturity of 7

8 .

Brown Enterprises

has

9 -

year, $

1, 000

par value bonds that have a yield to maturity of

7.6063 %

and a

8 %

.

.

coupon rate. The coupon is paid semiannually. The bonds are currently selling for $

1025.323 .

What is their current yield?

9 .

What is their capital gains yield?

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