Bond P is a premium bond with a coupon rate of 8 percent. Bond D has a coupon rate of 3 percent and is currently selling at a discount. Both bonds make annual payments, have a YTM of 5 percent, and have five years to maturity.

What is the current yield for bond P and bond D?(Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

Current yield

Bond P: _________%

Bond D: _________%

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. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

Capital gains yield

Bond P _________%

Bond D _________%