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Suppose you buy a bond with a coupon of 9 percent today for $1,100. The bond has 11 years to maturity. Assume interest payments are

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Suppose you buy a bond with a coupon of 9 percent today for $1,100. The bond has 11 years to maturity. Assume interest payments are reinvested at the original YTM. a. What rate of return do you expect to earn on your investment? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) b. Two years from now, the YTM on your bond has increased by 2 percent, and you decide to sell, What price will your bond sell for? (Do not round intermedlate calculations. Round your answer to 2 decimal places.)

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