$7$ Assignment $($i$)$

Refer to Table $10-1,$ which is based on bonds paying $10$ percent interest for $20$ years. Assume interest rates in the market $($yield to maturity$)$ increase from $4$ to $8$ percent.

a$.$ What is the bond price at $4$ percent?

Bond price

b$.$ What is the bond price at $8$ percent?

Bond price

c$.$ What would be your percentage return on the investment if you bought when rates were $4$ percent and sold when rates were $8$ percent?

Note: Do not round intermediate calculations. Input your answer as a percent rounded to $2$ decimal places.

Return on investment

$\%$