$($Bond valuation$)$ You own a $10-$year, $$1,000$ par value bond paying $7\mathrm{.}5$ percent interest annually. The market price of the bond is $$750,$ and your required rate of return is $13$ 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 sell the bond or continue to own it$?$

a$.$ What is the expected rate of return of the $10-$year, $$1,000$ par value bond paying $7\mathrm{.}5$ percent interest annually if its market price is $$750?$

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