(Bond valuation) You own a 20-year, $1,000 par value bond paying 7 percent interest annually. The market price of the bond is $825, and your required rate of return is 10 percent. a. Compute the bond's expecied rate of retum. 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 retum of the 20-year, $1,000 par value bond paying 7 percent inforost annually if its markot price is $825 ? Y6 (Round to two decimal places.)