Refer toTable 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 12 percent to 8 percent.

a.What is the bond price at 12 percent?

Bond Price

b.What is the bond price at 8 percent?

Bond Price

c.What would be your percentage return on investment if you bought when rates were 12 percent and sold when rates were 8 percent?(Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

Return on investment