a The Pennington Corporation issued a new series of bonds on January 1, 1977 The bonds were sold at par (s1,000), have a 12 percent 31, 2006, Coupon payments are made semiannually on June so and December 3 I. What is the YTM of Penington's bond on January 1,1977 i What was the price of the bond on January 1, 1982 syear later, assuming that the level of interest rates had fallen to 1o percent s marks 4 marks) il. Find the current yield and capital gains yield on the bond on January 1, 1982, given the price as determined in part i (4 marks) iy On July1, 2000, Pennington's bonds sold for $916 42 What was the YTM at that date 4 marks)