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8. Suppose that today you buy an 6% annual coupon bond for $1,050. a. The bond has 15 years to maturity and $1000 face

8. Suppose that today you buy an 6% annual coupon bond for $1,050. a. The bond has 15 years to maturity and $1000 face value. What rate of return do you expect to earn on your investment? (round your final answer to 2 decimals) b. Six years from now, the YTM on your bond has declined by 1.35%, and you decide to sell. What price will your bond sell for? (round your final answer to 2 decimals)

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