The market interest rate is 8%. You own a three-year annual-pay 6% coupon bond with $1000 face value. a. What is the bond's current price? b. If you hold the bond to maturity and re-invest all the coupons at 8%, what will be your annualized holding period return? c. You decide to sell the bond for the price in (a) and use the money to buy a ten-year annuity. What yearly annuity payment can you afford?