6 and, of lel (Bond valuution) You own a 10 year $1,000 par value bond paying 6 percent interest annually. The market price of the bond is 5875, and your requjred rate of retum is 9 percent Hom a. Compute the bond's expected rate of retum b. Determine the value of the bond to you, given your required rate of retum. c. Should you sell the bond or continue to own it? a. What is the expected rate of return of the 10 year, 51,000 par value bond paying 6 percent interest annually its market price is $875? rents % (Round to two decimal places) mpts ne: home