Assume that you pay $825.00 for a long-term bond that carries a coupon of 8.0%. Over the course of the next 12 months, interest rates drop sharply. As a result, you sell the bond at a price of $952.25. a. Find the current yield that existed on this bond at the beginning of the year. What was it by the end of the one-year holding period? b. Determine the holding period return on this investment. (Hint: See Chapter 4 for the HPR formula.) a. The current yield that existed on this bond at the beginning of the year is 9.69%. (Round to two decimal places.) The current yield by the end of the one-year holding period is \%. (Round to two decimal places.) b. The holding period return on this investment is \%. (Round to two decimal places.)