$($Bond valuation$)$ National Steel's $15-$year, $$1,000$ par value bonds pay $12$ percent interest annually. The market price of the bonds is $$1,075,$ and your required rate of return is $12$ percent.

a$.$ Compute the bond's expected rate of return.

b$.$ Determine the value of the bond to you, given your required rate of return.

c$.$ Should you purchase the bond?

a$.$ What is the expected rate of return of the bond?

$\%($Round to two decimal places.$)$

b$.$ What is the value of the bond to you, given your $12$ percent required rate of return?

$($Round to the nearest cent.$)$

c$.$ Should you purchase the bond? $($Select the best choice below.$)$

A$.$ Yes. Since the expected rate of return is more than your required rate of return, the bond is an acceptable investment.

B$.$ No$.$ Since the expected rate of return is less than your required rate of return, the bond is not an acceptable investment.

C$.$ Yes. Since the expected rate of return is less than your required rate of return, the bond is an acceptable investment.

D$.$ No$.$ Since the expected rate of return is more than your required rate of return, the bond is not an acceptable investment.