The YTM on a bond is the interest rate you earn on your investment if interest rates don't change $.$ If you actually sell the bond before it matures $,$ your realized return is known as the holding period yield $($ HPY $).($ Round the final answers to $2$ decimal places $.)$ a $.$ Suppose that today you buy an $9\mathrm{.}7\%$ annual coupon bond for $ $1,230$ The bond has $19$ years to maturity What rate of return do you expect to earn on your investment $?$ Expected rate of return $7\%$ b $-1.$ Two years from now $,$ the YTM on your bond has declined by $1\%,$ and you decide to sell $.$ What price will your bond sell for $?($ Omit $ sign in your response $.)$ Bond price $1,387\mathrm{.}66$ b $-2.$ What is the HPY on your investment $?$ HPY $20\mathrm{.}70\%$