Just answer the missing ones!

CURRENT YIELD, CAPITAL GAINS YIELD, AND YIELD TO MATURITY Pelzer Printing Inc. has bonds outstanding with 9 years left to maturity. The bonds have a 8% annual coupon rate and were issued 1 year ago at their par value of $1,000. However, due to changes in interest rates, the bond's market price has fallen to $901.40. The capital gains yield last year was-9.86%. a. What is the yield to maturity? Do not round intermediate calculations. Round your answer to two dedimal places. 9.69 b. For the coming year, what is the expected current yield? (Hint: Refer to footnote 7 for the definition of the current yield and to Table 7.1.) Do not round intermediate calculations. Round your answer to two decimal places. 8.87 G, For he coming year, what is he expected capital gains yield? Hint: Re er oo note 7 or the definition o the current yield and to Table 7. Do no round intermediate calculations. Round your answer to two decima pi es c. Will the actual realized yields be equal to the expected yields if interest rates change? If not, how will they differ? I. As long as promised coupon payments are made, the current yield will change as a result of changing interest rates. However, changing rates will not cause the price to change and as a result, the realized return to 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. III. As long as promised coupon payments are made, the current yield will change as a result of changing interest rates. However, changing rates will cause the price to change and as a result, the realized return to investors wil As long as promised coupon payments are made, he current y eld will not change as a result of changing interest ates. Ho ever changing rates cause the price o an e and as a re the real d return to s V. As long as promised coupon payments are made, the current yield will change as a result of changing interest rates. However, changing rates will cause the price to change and as a result, the realized return to investors differ from the YTM should equal the YTM. should equal the YTM. Select