(Bond vatuation) You own a 10 -yoar, $1.000 par value bond paying 6 percent interest annyally. The market price of the bond is $900, and your required rate of retum is 9 percent. a. Compute the bond's expected rate of retum b. Determine the value of the bond to you, given your requred rate of refum c. Should you sell the band or continue to own i?? a. What is the expected rate of return of the 10 -year, $1,000 por value bond paying 6 porcent inserest arnualy if its market price is $900 ? (Round to two decinal places.) (Bond vatuation) You own a 10 -yoar, $1.000 par value bond paying 6 percent interest annyally. The market price of the bond is $900, and your required rate of retum is 9 percent. a. Compute the bond's expected rate of retum b. Determine the value of the bond to you, given your requred rate of refum c. Should you sell the band or continue to own i?? a. What is the expected rate of return of the 10 -year, $1,000 por value bond paying 6 porcent inserest arnualy if its market price is $900 ? (Round to two decinal places.)