t the beginning of the$$ year, you bought a $$$$1$ comma $0001,000$ par value corporate bond with an annual coupon rate of $66$ percent and a maturity date of $1010$ years. When you bought the$$ bond, it had an expected yield to maturity of $88$ percent. Today the bond sells for $$$$1$ comma $0601,060.$

a$.$ What did you pay for the$$ bond?

b$.$ If you sold the bond at the end of the$$ year, what would be your$$ one$-$period return on the$$ investment? Assume that you did not receive any interest payment during the holding period.