What is the yield to maturity?  For the coming year, what are the expected current and capital gains yields?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 15P
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Pelzer Printing Inc. has bonds outstanding with 9 years left to maturity.  The bonds have 9% annual coupon rate and were issued 1 year ago at their par value of $1000.  However, due to changes in interest rates, the bond's market price has fallen to $910.30.  The capital gain yield lat year was -8.97%.

What is the yield to maturity? 

For the coming year, what are the expected current and capital gains yields?

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Will the actual realized yields be equal to the expected yields if interest rates change? If not, how will they differ?

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