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You invested your savings in 9% coupon bond with the face value 1 000 USD and 3-year maturity. Suppose you have kept this bond for

You invested your savings in 9% coupon bond with the face value 1 000 USD and 3-year maturity. Suppose you have kept this bond for one year and now you are considering your bond for selling before maturity.

At what price will you sell the bond if the current market interest rate is 8%?
What would be the rate of return on the bond if you bought it for 920 USD and sold at the price in a)?

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