Pelzer Printing Inc. has bonds outstanding with 9 years left to maturity. The bonds have a 9% annual coupon rate and were issued 1 year ago at their par value of $1,000. However, due to changes in interest rates, the bonds market price has fallen to $910.30. The capital gains yield last year was negative 8.97%.

For the coming year, what are the expected current and capital gains yields?

Group of answer choices

a. CY=9.7072%; CGY=0.6914%

b. CY=9.7909%; CGY=0.7236%

c. CY=9.8215%; CGY=0.7452%

d. CY=9.8869%; CGY=0.7077%

e. None of the above.