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 9 years. The first is a zero- coupon bond that pays $1,000 at maturity. The second has an 8.1% coupon rate and pays the $81 coupon once per year. The third has a 10.1% coupon rate and pays the $101 coupon once per year. Assume that all bonds are compounded annually. a. If all three bonds are now priced to yield 8.1% to maturity, what are their prices? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Zero 8.1% Coupon 10.1% Coupon Current prices b. If you expect their yields to maturity to be 8.1% at the beginning of next year, what will their prices be then? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Zero 8.1% Coupon 10.1% Coupon Price 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.) Zero 8.1% Coupon 10.1% Coupon Rate of return 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 9 years. The first is a zero- coupon bond that pays $1,000 at maturity. The second has an 8.1% coupon rate and pays the $81 coupon once per year. The third has a 10.1% coupon rate and pays the $101 coupon once per year. Assume that all bonds are compounded annually. a. If all three bonds are now priced to yield 8.1% to maturity, what are their prices? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Zero 8.1% Coupon 10.1% Coupon Current prices b. If you expect their yields to maturity to be 8.1% at the beginning of next year, what will their prices be then? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Zero 8.1% Coupon 10.1% Coupon Price 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.) Zero 8.1% Coupon 10.1% Coupon Rate of return