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Refer to Table 1 0 - 1 , which is based on bonds paying 1 0 percent interest for 2 0 years. Assume interest rates

Refer to Table 10-1, which is based on bonds paying 10 percent interest for 20 years. Assume interest rates in the market (yield to maturity) decline from 10 percent to 9 percent.
What is the bond price at 10 percent?
What What would be your percentage return on investment if you bought when rates were 10 percent and sold when rates were 9 percent?
Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.
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