Homework: HW_CH7 Save Score: 0 of 3 pts 4 of 10 (2 completel HW Score: 8.33%, 3 of 36 pts Problem 7-9 (similar to) (Bond valuation) National Stoo's 20-year, $1,000 par value bonds pay 8 percent interest annually. The market price of the bonds is $875, and your required rate of return is 11 percent. a. Compute the bond's expected rate of retum. b. Determine the value of the bond to you, given your required rate of rotum. c. Should you purchase the bond? a. What is the expected rate of return of the bond? % (Round to two decimal places.)