Please show all work and formulas used.

Bond P is a premium bond with a coupon of 12 percent. Bond D has a coupon rate of 7 percent and is currently selling at a discount. Both bonds make annual payments, have a YTM of 9 percent, and have five years to maturity. a. What are the current yields for Bond P and Bond D? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) b. If interest rates remain unchanged, what are the expected capital gains yields over the next year for Bond P and Bond D? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) % % a. Bond P current yield Bond D current yield Bond P capital gains yield Bond D capital gains yield % %