Sunora corp bond is paying 10% interest for 20 years on a semiannual basis. assume interest rates in the market (yield to Maturity) increase from 9 to 12 percent.

a. What is the bond price at 9 percent?

b. What is the bond price at 12 percent?

c. What would be your percentage return on the investment if you bought the bond when rates were 9 percent and sold when rates were 12 percent?

Include financial calculator steps, including the keys pressed on the calculator to solve each step.