Bond P is a premium bond with a coupon rate of 9.3 percent. Bond D is a discount bond with a coupon rate of 5.3 percent. Both bonds make annual payments, have a YTM of 7.3 percent, and have eight years to maturity.

Requirement 1: What is the current yield for bond P? Current yield %

Requirement 2: What is the current yield for bond D? Current yield %

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?