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An investot is considering the purchase of a(n) 7.625%. 15 year corporato bond thats being priced to yield 9.625%. She thinks that in a year,

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An investot is considering the purchase of a(n) 7.625%. 15 year corporato bond thats being priced to yield 9.625%. She thinks that in a year, this bond will be priced in the market to yed 8.625% Using annual compoundeng. find the price of the bond today and in 1 yeat. Next, find the holding period return on this imestment, assuming that the investor's expectations ano bome out. The prise of the bend today is 1 (Round to the nearest cent)

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