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A bond has a face value of $1,000, a coupon of 6% paid annually, a maturity of 32 years, and a yield to maturity of

A bond has a face value of $1,000, a coupon of 6% paid annually, a maturity of 32 years, and a yield to maturity of 9%. What will the price of the bond be one year later if the bond's yield to maturity at the webs of the year is 10%? What rate of return will be earned by an investor who purchases the bond for $687.81 and holds it for 1 year?

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