Suppose you purchase a 30-year, $100 par value, zero-coupon bond with a yield to maturity of 4%. You hold the bond for five years before selling it.

(a.) If the bond's yield to maturity is 4% when you sell it,

what is the internal rate of return of your investment?

The IRR of your investment if the bond's yield to maturity is 4% when you sell it is....... (Round to two decimal places.)

(b.) If the bond's yield to maturity is 5% when you sell it, what is the internal rate of return of your investment?

The IRR of your investment if the bond's yield to maturity is 5% when you sell it is ....... (Round to two decimal places.)

(c.) If the bond's yield to maturity is 3% when you sell it, what is the internal rate of return of your investment?

The IRR of your investment if the bond's yield to maturity is 3% when you sell it is .......(Round to two decimal places.)