How much would you pay for a perpetual bond that pays an annual coupon of $$80$ per year and yields

on competing instruments are $20\%?$

You would pay $ $.($Round your response to the nearest penny.$)$

If competing yields are expected to change to $8\%,$ what is the current yield on this same bond assuming

that you paid

$$400?$

The current yield is $\%.($Round your response to the nearest integer.$)$

If you sell this bond in exactly one year, having paid $$400,$ and received exactly one coupon payment,

what is your total return if competing yields are $8\%?$

Your total return is $\%.($Round your response to two decimal places.$)$