Price from 32ndsX:Y100(x+32y) par value; Price to 32ndsparp100. Take second part and times 32 . Rate of return =Pt1Pt+DtPt1 1. Convert the prices in table 1 below into actual values (par 1000) 2. Convert the actual prices in table 2 below into 32 nds 3. Rate of return: A 10-year bond 5\%, coupon, par 100 sells $10 below par today. An investor expects to hold the bond for 1 year and sell it at par. The rate of return is