1.Consider a perpetuity that pays $100 per year. It is selling today at a price that implies a yield to maturity of 7 percent. Assuming that the interest rate on this bond falls to 2 percent next year, calculate your one-year rate of return if you purchased the bond today and sold it one year later. Show your answer in percent terms and round it to the nearest .01 percent (e.g., .0159 equals 1.60 percent).