Assume that you pay $954.13 for a long-term bond that carries a coupon of 8.2%. Over the course of the next 12 months, interest rates drop sharply. As a result, you sell the bond at a price of $1,064.45. 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.) % (Round a. The current yield that existed on this bond at the beginning of the year is to two decimal places.) The current yield by the end of the one-year holding period is decimal places.) %. (Round to two b. The holding period return on this investment is %. (Round to two decimal places.)