Homework: Chapter 7 Homework Question 2. Problem 7-5 (similar to) Pan 1 of 2 HW Score: 0%, 0 of 25 points O Points: 0 of 1 Save (Bond valuation. At the beginning of the year, you bought a $1,000 par value corporate bond with an annual coupon rate of 8 percent and a maturity date of 15 years. When you bought the bond, it had an expected yield to maturity of 12 percent. Today the bond sells for $850 a. What did you pay for the bond? b. If you sold the bond at the end of the year, what would be your one-period return on the investment? Assume that you did not receive any interest payment during the holding period . The price you paid for the bond is $(Round to the nearest cont.)