tion.com Homework Saved Help Save& Exit Submit Check my work A bond with a face value of $1,000 has 10 years until maturity, carries a coupon rate of 70%, and sells for $1,200. Interest is paid annually. a. If the bond has a yield to maturity of 11.0% 1 year from now, what will its price be at that time? (Do not round intermediate calculations.) ok b. What will be the annual rate of return on the bond? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Negative amount should be indicated by a minus sign nt nces Rate of return- c. Now assume that interest is paid semiannually. What will be the annual rate of return on the bond? Slightly greater than your part b answer Slightly less than your part b answer