Question: please help me with a & b (Bond valuation) At the beginning of the year, you bought a $1,000 par value corporate bond with an

please help me with a & b

please help me with a & b (Bond valuation) At the beginning

(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 14 years. When you bought the bond, it had an expected yield to maturity of 9 percent. Today the bond sells for $1,090. 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. a. The price you paid for the bond is $ (Round to the nearest cent.)

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