?1. (?Bondholders' expected rate of return?) The market price is $1,175 for a 9?-year bond ($1,000 par? value) that pays 9 percent interest (4.5 percent? semiannually). What is the? bond's expected rate of? return? The? bond's expected annual rate of return is ?%. (Round to two decimal? places.)
2. ?(Current yield?) Assume you have a bond with a? semi-annual interest payment of $30?, a par value of $1, 000?, and a current market price of $820. What is the current yield of the? bond? The current yield of the bond is ?%. (Round to two decimal? places.)