Please show all work. 17. What’s the current yield of a 4.8 percent coupon corporate bond purchased for $100 and three years to maturity quoted at a

Please show all work.

17. What’s the current yield of a 4.8 percent coupon corporate bond purchased for $100 and three years to maturity quoted at a current market price of $98.24?

A. 4.13 percent

B. 5.44 percent

C. 4.89 percent

D. 5.12 percent

18. What’s the future value of $600 deposited for one year earning an interest rate of 8 percent per year?