Bond of 2M Auto Parts withapar value of $1,000 sellfor $97, mature in 8 years and have a 5% annual coupon repeats semi annually. what is the horizon yield?

Bonds of 2M Auto Parts with a par value of $1,000 sell for 97, mature in 8 years and have a 5% annual coupon rate paid semi-annually. Calculate a. Horizon yield, for an investor with a four year holding period and a reinvestment rate of 2.5% over the period. At the end of four years, the bonds are estimated to sell to yield 4.75%. b. Current yield