roblem 10-8 Interest rate effect [LO3 Refer to Table 10-1, pg. 305 which is based on bonds paying 10 percent interest for 20 years.Assume interest rates in the market (yield to maturity) decline from 11 percent to 8 ercent a. What is the bond price at 11 percent? b. What is the bond price at 8 percent? What would be your percentage return on investment if you bought when rates were 11 percent and sold when rates were 8 percent? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places. Enter the value as a positive amount.) Input variables: a. Bond price at interest rate a from table 10-1 $920.37 $1,196.36 Bond price at interst rate b from table 10-1 Solution and Explanation: 0. Bond price Percentage return