The YTM on a bond is the interest rate you earn on your investment if you keep the bond until maturity. If you actually sell the bond before it matures, your realized return is known as the holding-period yield (HPY). (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit \$ sign in your response.) a. Suppose that today you buy a 9 percent annual coupon bond for $1,040. The bond has 18 years to maturity. What rate of return do you expect to earn on your investment? Expected rate of return % b-1. Two years from now, the YTM on your bond has declined by 1 percent, and you decide to sell. What price will your bond sell for? Bond price $ b-2. What is the HPY on your investment? HPY % You received partial credit in the previous attempt. Hacker Software has 10.0 percent coupon bonds on the market with nineteen years to maturity. The bonds make semiannual payments and currently sell for 107.8 percent of par. What is the current yield on the bonds? (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Current yield % What is the YTM? YTM % What is the effective annual yield? Effective annual yield %