Goodtastes corp.has a 20-year, 1,000 $ par value bonds with 8% annual interest. The market price of the bonds is $825, and the required rate of return is %12,

a. Find the bond's expected rate of return.

b. What is the value of the bond to you, given your 12 percent required rate of return.

c. Should you purchase the bond?

a. What is the expected rate of return of the bond? % (Round to two decimal places.)

b. What is the value of the bond to you, given your percent required rate of return? $ (Round to the nearest cent.)

c. Should you purchase the bond?(Select the best choice below.)

A. Yes. Since the expected rate of return is more than your required rate of return, the bond is an acceptable investment.

B. No. Since the expected rate of return is less than your required rate of return, the bond is not an acceptable investment.

C. Yes. Since the expected rate of return is less than your required rate of return, the bond is an acceptable investment.

D. No. Since the expected rate of return is more than your required rate of return, the bond is not an acceptable investment.