Dish(media) has a 5-year corporate note outstanding that trades in the secondary market. The coupon on the note is 5.875% (semi-annual payment). The security is priced at 94 per $100 par. Derive the current yield, the yield-to-maturity (US convention and global @3.2%, medium-grade @4.2% or low-grade @6.8%)based on the US convention applicable to the yield-to-maturity.

a) Current yield

b) Yield-to-maturity(US convention)

c) Yield-to maturity (global convention or effective annual yield

d)Implied credit risk of Dish from market pricing