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Calculate yield to maturity, current yield. and capital gains yield for the following bonds a . An 8 percent coupon bond with a $ 1

Calculate yield to maturity, current yield. and capital gains yield for the following bonds
a. An 8 percent coupon bond with a $1,000 face value and 10 years remaining to
maturity. The bond, which pays quarterly coupons, is selling at $922.09.
b. A 9 percent coupon bond with a $1,000 face value and 15 years remaining to
maturity. The bond, which pays annual coupons, is selling at $1,041.52.
c. Calculate the duration and modified duration for EACH of the two bonds in parts
a and b .
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