How much would you pay for a perpetual bond that pays an annual coupon of $100 per year and yields on competing instruments are 5%?

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

If competing yields are expected to change to 12%, what is the current yield on this same bond summing that you paid $2,000?

The current yield is (?)%? (Round your response to the nearest penny.)

If you sell this bond in exactly oneyear, having paid $2,000 and received exactly one couponpayment, what is your total return if competing yields are 12%?

Your total return is (?)%? (Round your response to the nearest penny.)