Eight years ago you bought a $750,000, 25-year, deep discount bond with a market interest rate of 7.84%. Since then market rates have fallen to 6.65% and you find that you must sell the bond. a. Calculate the initial and current price of the bond. b. Calculate the annual holding period yield on this instrument and compare it to the yield to maturity you were expecting when you purchased the instrument c. Explain whether your return would have been relatively greater or less than you received in part b if you held a 15-year instrument initially. Support your conclusion with the appropriate work. d. Explain whether your return would have been relatively greater or less than you received in part b if you held a 5-year instrument initially. Eight years ago you bought a $750,000, 25-year, deep discount bond with a market interest rate of 7.84%. Since then market rates have fallen to 6.65% and you find that you must sell the bond. a. Calculate the initial and current price of the bond. b. Calculate the annual holding period yield on this instrument and compare it to the yield to maturity you were expecting when you purchased the instrument c. Explain whether your return would have been relatively greater or less than you received in part b if you held a 15-year instrument initially. Support your conclusion with the appropriate work. d. Explain whether your return would have been relatively greater or less than you received in part b if you held a 5-year instrument initially