Bond $P$ is a premium bond with a coupon rate of $8\mathrm{.}7$ percent. Bond $D$ is a discount bond with a coupon rate of $4\mathrm{.}7$ percent. Both bonds

make annual payments, a YTM of $6\mathrm{.}7$ percent, a par value of $$1,000,$ and have twelve years to maturity.

a$.$ What is the current yield for Bond P$?$ For Bond D$?$

Note: Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ If interest rates remain unchanged, what is the expected capital gains yield over the next year for Bond P$?$ For Bond D$?$

Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers

as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$Bond $P$ is a premium bond with a coupon rate of $8\mathrm{.}7$ percent. Bond $D$ is a discount bond with a coupon rate of $4\mathrm{.}7$ percent. Both bonds

make annual payments, a YTM of $6\mathrm{.}7$ percent, a par value of $$1,000,$ and have twelve years to maturity.

a$.$ What is the current yield for Bond P$?$ For Bond D$?$

Note: Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ If interest rates remain unchanged, what is the expected capital gains yield over the next year for Bond P$?$ For Bond D$?$

Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers

as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$