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Bond P is a premium bond with a coupon rate of 8.7 percent. Bond D is a discount bond with a coupon rate of 4.7

Bond P is a premium bond with a coupon rate of 8.7 percent. Bond D is a discount bond with a coupon rate of 4.7 percent. Both bonds make annual payments, have a YTM of 6.7 percent, and have twelve years to maturity. Requirement 1: What is the current yield for bond P? Requirement 2: What is the current yield for bond D? Requirement 3: If interest rates remain unchanged, what is the expected capital gains yield over the next year for bond P? Requirement 4: If interest rates remain unchanged, what is the expected capital gains yield over the next year for bond D

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