(Bond valuation) National Stoets 20-year, $1,000 par value bondo pay 9 percent interont annunily. The market price of the bonds is $975, and your required rate or retum is 11 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 11 percent required mate of retur? Round to the nearest cent 6. Should you purchase the bond? (Select the best choice below) OA Yos. Since the expected rate of return is more than your required rate of rotum, the bond is an acceptable investment No Since the expected role of return is on than your moured rate of retium, the bond is not an acceptable investment OC Yes since the expected role of return is less than your required to ofretum, the hond is an acceptable investment OD. No. Since the expected rate of return is more than your required rate of return the bond is not an optable investment