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Refer to Table 10-1. assume interest rates in the market (yield to maturity) are 4 percent for 20 years on a bond paying 10 percent.

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Refer to Table 10-1. assume interest rates in the market (yield to maturity) are 4 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 up to 12 percent Now, using Iable 10.2 for 15 years. what is the price of the bond? c. What would your percentage return be if you bought the bonds when interest rates in the market were 4 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

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