If a bond's yield to maturity does not change, the return on the bond each year will be equal to the yield to maturity. Confirm this for both a premium and a discount bond using a 4-year 3.2 percent coupon bond with annual coupon payments and a face value of $1,000.

A. Assume the yield to maturity is 2.2 percent.

- Find the Bond Price today

- Find the bond price in one year

- Find the rate of return %

B. Assume the yield to maturity is 4.2 percent.

- Find the Bond Price today

- Find the bond price in one year

- Find the rate of return %