If a bond's yield to maturity does not change, the return on the bond each year will be equal to the yield to maturity. Confirm this for

both a premium and a discount bond using a $4-$year $4\mathrm{.}6$ percent coupon bond with annual coupon payments and a face value of

$$1,000.$

a$.$ Assume the yield to maturity is $3\mathrm{.}6$ percent.

b$.$ Assume the yield to maturity is $5\mathrm{.}6$ percent.

Complete this question by entering your answers in the tabs below.

Required $A$

Required B

Assume the yield to maturity is $5\mathrm{.}6$ percent. $($Do not round intermediate calculations. Enter "Bond price" answers to $2$ decimal

places and "Rate of return" rounded to $1$ decimal place.$)$