The YTM on a bond is the interest rate you eam on yout investment if interest rates dont change If you actually sell the bond before it matures, your realized retum is known as the holding penod yield (HPY) a. Suppose that today you buy an annual coupon bond with a coupon rate of 81 percent for $880. The bond has 9 years to maturity and a par value of $1,000. What rate of retum do you expect to earn on your investment? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.9., 32.16. 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? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.9., 3216 . b-2. What is the HPY on your imvestment? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.9., 32.16