How much would you pay for a perpetual bond that pays an annual coupon of $100 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 $500? The current yield is \%. (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 8%? Your total return is \%. (Round your response to two decimal places.)