A 9% semiannual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield of 8.9264%, what is the bond's price? what is the bond's YTM Due to a recession, expected inflation this year is only 2.5%. However, the inflation rate in Year 2 and thereafter is expected to be constant at some level above 2.5%. Assume that the expectations theory holds and the real risk-free rate (r") is 2.75%, if the yield on 3-year Treasury bonds equals the 1-year yield plus 2.75%, what inflation rate is expected after Year 1