Refer to Table $10-1,$ assume interest rates in the market $($yield to maturity$)$ are $14$ percent for $20$ years on a bond paying $10$ percent.

a$.$ What is the price of the bond?

b$.$ Assume $5$ years have passed and interest rates in the market have gone down to $12$ percent. Now, using Table $10-2$ for $15$ years, what is the price of the bond?

Bond price

What would your percentage return be if you bought the bonds when interest rates in the market were $14$ percent for $20$ years and sold them $5$ years later when interest rates were $12$ percent?

Note: Do not round intermediate calculations. Input your answer as a percent rounded to $2$ decimal places.

Return on investment

$\%$