has fallen to $$910\mathrm{.}40.$ The capital gains yield last year was $-8\mathrm{.}96\%.$

a$.$ What is the yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places.

$\%$

$1\%$

c$.$ Will the actual realized yields be equal to the expected yields if interest rates change? If not, how will they differ?

investors should equal the YTM$.$

II$.$ As rates change they will cause the end$-$of$-$year price to change and thus the realized capital gains yield to change. As a result, the realized return to investors will differ from the YTM$.$

will differ from the YTM$.$

investors should equal the YTM$.$

should equal the YTM$.$