$($Bond valuation$)$ You own a $10-$year, $$1,000$ par value bond paying $7$ percent interest annually. The market price of the bond is $$925,$ and your required rate of return is $10$ percent.

a$.$ Compute the bond's expected rate of retum.

b$.$ Determine the value of the bond to you, given your required rate of retum.

c$.$ Should you sell the bond or continue to own it$?$

a$.$ What is the expected rate of return of the $10-$year, $$1,000$ par value bond paying $7$ percent interest annually if its market price is $$925?$

$16($Round to two decimal places.$)$