Question: [3-b] What is the current yield for the 10-year, 9 percent annual coupon, $1,000 par value bond that sells for $887.00? What are the current

[3-b] What is the current yield for the 10-year, 9 percent annual coupon, $1,000 par value bond that sells for $887.00? What are the current yield for the 10-year, 9 percent annual coupon, $1,000 par value bond that sells for $1,134.20? (Assume the bond is held to maturity and the company does not default on the bond.)

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