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ond P is a premium bond with a 9 percent coupon. Bond D is a 4 percent coupon bond currently selling at a discount. Both

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ond P is a premium bond with a 9 percent coupon. Bond D is a 4 percent coupon bond currently selling at a discount. Both bonds lake annual payments, have a YTM of 6 percent, and have 8 years to maturity. What is the current yield for bond P and bond D ? (Do not round intermediate calculations. Round the final answers to 2 decimal laces.) If interest rates remain unchanged, what is the expected capital gains yield over the next year for bond P and bond D? (Negative omounts should be indicated by o minus sign. Do not round intermediate calculations. Round the final answers to 2 decimal places.)

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