Problem 7-5 (similar to) Question Help (Bond valuation) At the beginning of the year, you bought a $1,000 par value corporate bond with an annual coupon rate of 15 percent and a maturity date of 19 years. When you bought the bond, it had an expected yield to maturity of 12 percent. Today the bond sells for $1,420. 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.)