(Bond valuation) At the begincing of the year, you bought a 51,000 par value corporale bond with an anncial coupon rate of 9 percont and a maturity date of 11 yoars. When you bought the bond, it had an expected yetd to maturity of 15 peroent. Today the bond sels for $770. a. What did you pay for the bond? b. If you sold the bord at the end of the year, what would be your one-period roturn on the investment? Assume that you did not receive ary interest payment during the holdirg poriod. a. The price you paid for the bond is $ (Round to the nearest cent.)