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Suppose that you are considering investing in a 4 - year bond that has a face value of $ 1 , 0 0 0 and

Suppose that you are considering investing in a 4-year bond that has a face value of $1,000 and a coupon rate of 5.7%.
a.) If the market interest rate on similar bonds is 5.7%, the price of the bond is $1000.(Round your response to the nearest cent.)
The bond's current yield is ,%.(Round your response to two decimal places.)
b.) Suppose that you purchase the bond, and the next day the market interest rate on similar bonds falls to 4.7%.
The price of the bond will be $
.(Round your response to the nearest cent.)
The current yield will be
%.(Round your response to two decimal places.)
At an interest rate of 4.7%, the price an investor is willing to pay for the bond is $1027.39.(Round your response to the nearest cent.)
Your rate of return on the bond was 8.44%.(Round your response to two decimal places.)
rises to 9%.
At an interest rate of 9%, the price an investor is willing to pay for the bond is $,.(Round your response to the nearest cent.)
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