(Bond valuation) You own a 20 year, $1,000 par value bond paying 8 percent interest annually. The market price of the bond is 5900, and your required rate of return 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 retum c. Should you sell the bond or continue to own it? a. What is the expected rate of return of the 20-year $1.000 par value bond paying 8 percent interest annually fits market price is 59007 % (Round to two decimal places) . b. What is the value of the bond to you, given your 11 percent required rate of return? S (Round to the nearest cent) c. Should you sell the bond or continue to own it? (Select the best choice below O A . You should sell the bond because the bond's yield to maturity is higher than your expected rate of return and thus it is undervalued OB. You should continue to hold the bond because the bond's yield to matunty is higher than your expected rate of return and thus it is undervalued OC. You should sell the bond because the bond's yield to maturity is lower than your expected rate of return and thus it is overvalued Click to select your answers)