Assume you have a one-year investment horizon and are trying to choose among three bonds. All have the same degree of default risk and mature in 8 years. The first is a zero-coupon bond that pays $1,000 at maturity. The second has a 7.0% coupon rate and pays the $70 coupon once per year. The third has a 9.0% coupon rate and pays the $90 coupon once per year. Assume that all bonds are compounded annually Required: a. If all three bonds are now priced to yield 70% to maturity, what are their prices? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Zero 70% Coupon 9.0% Coupon Current prices b. ll you expect their yields to maturity to be 70% at the beginning of next year, what will their prices be then? (Do not round Intermediate calculations. Round your answers to 2 decimal places.) Zoro 7,0% Coupon 9.0% Coupon Prion one year from now c. What is your rate of return on each bond during the one-year holding period? (Do not round Intermediate calculations. Round your answers to 2 decimal places.) Zaro 7.0% Coupon 9.0% Coupon Rate of retum