Bond MGCR is a $$1,000$ par, $6-$year, $4\mathrm{.}5\%$ semi$-$annual coupon bond. Assume a required return of $6\%.$

$($a$)$ Calculate the current price of the bond. $(6$ POINTS$)$

$($b$)$ Calculate the current yield of the bond. $(4$ POINTS$)$