Assume that you pay $861.82 for a long-term bond that carries a coupon of 9.9%. Over the course of the next 12 months, interest rates drop sharply. As a result, you sell the bond at a price of $1,038.92. 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 5 for the HPR formula.) a. The current yield that existed on this bond at the beginning of the year is %. (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.)