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(Bond valuation) At the beginning of the year, you bought a $1000 par value corporate bond with an annual coupon rate of 12 percent and
(Bond valuation) At the beginning of the year, you bought a $1000 par value corporate bond with an annual coupon rate of 12 percent and a maturity date of 17 years. When you bought the bond, it had an expected yield to maturity of 14 percent. Today the bond sells for $1000
A. The price you paid for the bond is ??? (round to the nearest cent)
B. If you sold the bond today, your one-period return on the investment is %?? (round to one decimal)
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