Please solve the following bond valuation problems:

i) A 20-year bond with a par value of $1,000 has a 9 percent annual coupon. The bond currently sells for $925. If the bonds yield to maturity (YTM) remains at its current rate, at what price do you expect the bond to sell a year from now? If it helps, you may use the approximation formula to compute the bonds YTM. [6 marks]

ii) Company A has a bond outstanding that pays a 6% coupon. The interest is paid annually and the bond matures in 10 years. The market rate of interest on bonds of similar risk is 5% and the bond is selling for $1,077.32. One year from today, the bond is expected to be selling for $1,071.08. What is the expected rate of return (total yield) for the bondholder?