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Check my work 9 10 points A 35-year maturity bond has a % coupon rate, paid annually. It sells today for $96742. A 25-year maturity

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Check my work 9 10 points A 35-year maturity bond has a % coupon rate, paid annually. It sells today for $96742. A 25-year maturity bond has a 6.5% coupon rate, also paid annually. It sells today for $979.5. A bond market analyst forecasts that in five years, 30-year maturity bonds will sell at yields to maturity of 8% and that 20-year maturity bonds will sell at yields of 7.5%. Because the yield curve is upward-sloping the analyst believes that coupons will be invested in short-term securities at a rate of 6%. a. Calculate the expected rate of return of the 35-year bond over the five-year period. (Do not round intermediate calculations. Round your answer to 2 decimal places.) eBook Piet Expected rate of return % Reference b. What is the expected return of the 25-year bond? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Expected rate of return

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