a$.$ Suppose that today you buy a bond with an annual coupon rate of $11$ percent for

$$1,130.$ The bond has $18$ years to maturity. What rate of return do you expect to earn

on your investment? Assume a par value of $$1,000.($Do not round intermediate

calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,$

$32\mathrm{.}16.)$

b$-$ Two years from now, the YTM on your bond has declined by $1$ percent, and you

decide to sell. What price will your bond sell for? $($Do not round intermediate

calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$-$ What is the HPY on your investment? $($Do not round intermediate calculations and

enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$