Assume that an investor pays $900 for a long-term bond that carries a coupon. During the next 12 months, interest rates drop sharply, and the investorses the bondata pe of $962.50. Asume that bond's par value is $1,000 and use annual compounding of interest Find the current yield that existed on this bond at the beginning of the year round the newer to tweet What was it by the end of the year holding period? Round the tower to the decimal places Compute the return on this investment using the approximate yield formula and 1-year investment period. Do not found intermediate calculation, Hound the answer to two decimal places