One year ago, the Klipek Company issued 15 -year bonds at par. The bonds have a coupon rate of 4.5 percent and pay interest annually. Today, the market rate of interest on these bonds is 6.3 percent. (1) How does today's price of this bond compare to the issue price? (2) What is the expected bond price one year from now if interest rate remains at current level? (3) What is the current yield now and the expected capital gains yield over next year? (4) What is the expected one-year holding period return? (16 points)