Use the information in 9 to help solve 11

11. (Holding-period yield) Assume you purchase one Proctor & Gamble bond of Problem 9, hold it for five years, and then sell it for $975. For each of the four purchase prices given, calculate your holding-period yield. 9. (Yield-to-maturity) Proctor & Gamble has outstanding an issue of $1,000 face value, 12 5/8% coupon bonds that mature in 14 years. Calculate the bond's yield-to-maturity if its current market price is: a. $ 875 b. $ 950 c. $1,000 d. $1,080