Suppose that today's date is April 15. A bond with a 10% coupon paid semiannually every January 15 and July 15 is listed in The Wall Street Journal as selling at an ask price of 101:04.lf you buy the bond from a dealer today, what price will you pay for it? (Do not round intermediate calculations. Round your answer to 2 decimal places.) The yield to maturity on one-year zero-coupon bonds is 8%. The yield to maturity on two-year zero-coupon bonds is 9%. What is the forward rate of interest for the second year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) If you believe in the expectations hypothesis, what is your best guess as to the expected value of the short-term interest rate next year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) If you believe in the liquidity preference theory, is your best guess as to next year's short-term interest rate higher or lower than in (b)