You bought a corporate bond with a $1,000 par value at the beginning of the year. It pays an annual coupon rate of 12 percent and with 14 years remaining until maturity Currently the bond sells for $880, and the yield to maturity is 16 percent. a. How much did you pay for the bond? b. What would be your one-period return if you sold the bond at the end of the year? Assuming there was no interest received during that year. a. The price you paid for the bond is $ (Round to the nearest cent.) b. If you sold the bond today, your one-period return on the investment is %. (Round to two decimal places.)