How much would you pay for a perpetual bond that pays an annual coupon of

$50

per year and yields on competing instruments are

10%?

You would pay

$500.

(Round your response to the nearest penny.)

If competing yields are expected to change to 10%, what is the current yield on this same bond assuming that you paid $500?

The current yield is 10%. (Round your response to the nearest integer.)

If you sell this bond in exactly one year, having paid $500, and received exactly one coupon payment, what is your total return if competing yields are 10%?

Your total return is ______%. Please show your work.

(Round your response to two decimal places.)