(Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH)

10. 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 -8.97%. a. What is the yield to maturity? b. For the coming year, what are the expected current and capital gains yield?

c. Current and capital gains yield