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A bond is issued with a coupon of 6%, paid annually, a miturity of 38 yesrs; and a yield to maturity of 9%. What rate

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A bond is issued with a coupon of 6%, paid annually, a miturity of 38 yesrs; and a yield to maturity of 9%. What rate of retum will be earned by an investor who purchases the bond for $679.28 and holds it for 1 year if the bond's yieid to maturity at the end of the year is 1 the? Note: Do not round intermediate calculations. Enter your answer as a pereent rounded to 2 decimal places. Negative amount should be indicated by a minus sign. Slush Corporation has two bonds outstanding, eoch with a tace value of $3.9 millian. Bond A is secured on the company's heod affice busiding; bend B is unsecurad. Slusth has sulfered a severe downtum in demand. its head oflice bulling is worth 51.19 milion. but its remeining assets are now worth only $2 milion. If the company defeults, what payoff can the holders of bond B expect? Note: Enter your answer in dollars, not in millions. Round your answer to the nearest whole dollar antiount

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