a.Suppose that today you buy a bond with an annual coupon of 8 percent for $1,060. The bond has 19 years to maturity. What rate of return do you expect to earn on your investment? (Round your answer to 2 decimal places. (e.g., 32.16)) Expected rate of return __%

b-1. Two years from now, the YTM on your bond has declined by 1 percent, and you decide to sell. What price will your bond sell for? (Round your answer to 2 decimal places. (e.g., 32.16)) Bond price __$

b-2. What is the HPY on your investment? (Round your answer to 2 decimal places. (e.g., 32.16)) HPY ___%