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One year ago , Igor purchased a newly issued 15- year bond for $1,000. The bond's coupon rate of interest is 4.8 percent (paid annually).

One year ago , Igor purchased a newly issued 15- year bond for $1,000. The bond's coupon rate of interest is 4.8 percent (paid annually). If the current value of the bond is $1,038 , what are (a) the current yield and capital gains yield Igor earned during the year and (b) the bond's yield to maturity today ? (LO 6-4 & LO 6-5 )

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