Bond P is a premium bond with a coupon rate of 8.1 percent. Bond D is a discount bond with a coupon rate of 4.1 percent. Both bonds make annual payments, have a YTM of 6.1 percent, and have six years to maturity.

What is the current yield for bond P?

Answer: 7.38%

What is the current yield for bond D?

Answer: 4.54%

If interest rates remain unchanged, what is the expected capital gains yield over the next year for bond P?

Answer: -1.28%

If interest rates remain unchanged, what is the expected capital gains yield over the next year for bond D?

Answer: 1.55%