Suppose that Jenna just bought a newly issued $15-$year bond with a coupon rate equal to $7$ percent. If Jenna sells the bond at the end of the year when its market price is $$917,($i$)$ what would be the bond$$s yield to maturity and $($ii$)$ what return would she earn? What portion of the return represents capital gains and what portion represents the current yield? $($iii$)$ What return would the new investor earn in the year after James sells the bond? Assume interest is paid semiannually.

e$.$ Suppose that James just bought the same $15-$year bond that Jenna bought and at the same time. If James sells his bond five years from the day he purchased it $($with $10$ years remaining to maturity$)$ for $$1,074,($i$)$ what would be the bond$$s yield to maturity when he sells it and $($ii$)$ what return would he earn during the time he held the bond? What portion of the return represents capital gains and what portion represents the current yield? $($iii$)$ What return would the new investor earn in the year after James sells the bond? Assume interest is paid semiannually.