A newly issued $10-$year maturity, $5\%$ coupon bond making annual coupon payments is sold to the public at a price of $$810.$ The bond

will not be sold at the end of the year. The bond is treated as an original$-$issue discount bond.

Required:

a$.$ Calculate the constant yield price. $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Constant yield price

b$.$ What will be an investor's taxable income from the bond over the coming year? $($Do not round intermediate calculations. Round

your answer to $2$ decimal places.$)$

Taxable income