1. A 16-year, $1000 face value bond makes annual payments and has a coupon rate of 11.8 percent.

If the current yield on the bond is 10.8 percent, what is the bonds price?

2.Suppose that a year from now the bond sells at a yield to maturity of 11 percent. What is the price of the bond? Enter your answer rounded to two decimal places.

3.What is your rate of return if you purchase the bond for $1,092.59, hold it for a year, and then sell it for $1,057.53? Enter your answer as percentage rounded to 2 decimal places. Do not enter the percentage sign.

answer 3 please