a. Mary buys an 8.4% annual coupon bond for $1,100 with 19 years left to maturity. What rate of return can she expect to earn on this investment?

Expected rate of return %

b-1. Two years later, the YTM on this bond declines by 1%, and Mary decides to sell. What price will she be able to get for the bond? (Omit $ sign in your response.)

Bond price $

b-2. What is the holding period yield on this investment?

HPY %