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Bond P is a premium bond with a 1 2 percent coupon. Bond D is a 3 percent coupon bond currently selling at a discount.

Bond P is a premium bond with a 12 percent coupon. Bond D is a 3 percent coupon bond currently selling at a discount. Both bonds
make annual payments, have a YTM of 9 percent, and have 9 years to maturity.
What is the current yield for bond P and bond D?(Do not round intermediate calculations. Round the final answers to 2 decimal
places.)
If interest rates remain unchanged, what is the expected capital gains yield over the next year for bond P and bond D?(Negative
amounts should be indicated by a minus sign. Do not round intermediate calculations. Round the final answers to 2 decimal
places.)
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