he YTM on a bond is the interest rate you earn on your investment if interest rates don$$t change. If you actually sell the bond before it matures, your realized return is known as the holding period yield $($HPY$).($Round the final answers to $2$ decimal places.$)$

a$.$ Suppose that today you buy an $9\mathrm{.}1\%$ annual coupon bond for $$1,170.$ The bond has $19$ years to maturity. What rate of return do you expect to earn on your investment?

Expected rate of return