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Comedy Corporation's bonds have a 15-year maturity, a 7% annual coupon paid with semiannual frequency, and a par value of $1,000. The annual interest rate

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Comedy Corporation's bonds have a 15-year maturity, a 7% annual coupon paid with semiannual frequency, and a par value of $1,000. The annual interest rate (ra) is 6%, based on semiannual compounding, What is the bond's price? (10 points) 8. a. Find current yield of a 6% coupon bond, currently trading at $1,078. (5 points) b. If the yield to maturity is 4%, find the capital gains yield for the bond above. (5 points)

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