7. Predicting Bond Values (Use the chapter appendix remaining to maturity, a par value of $60 million, and a coupon rate of 10 percent. Spartan expects that in three to answer this problem.) Spartan Insurance Company plans to purchase bonds today that have four years years, the required rate of return on these bonds by investors in the market will be 9 percent. It plans to sell the bonds at that time. What is the expected price it will sell the bonds for in three years