How much would you pay for a perpetual bond that pays an annual coupon of $50 per year and yields on competing instruments are 20%?

Price offered=$ ______ (Round your response to the nearest penny.)

If competing yields are expected to be 15%, what is the current yield on this same bond assuming that you paid $400?

Current Yield= ____ (Round your response to the nearest integer.)

If you sell this bond in exactly one year, having paid $400,and receive exactly one coupon payment, what is your rate of return if competing yields are 15%?

Return= ______ (Round your response to two decimal places.)