You own a 10-year, $1,000 par value bond paying 6 percent interest annually. The market price of the bond is $875, and your required rate of return is 9 percent.

1a. What is the expected rate of return of the 10-year, $1,000 par value bond paying percent interest annually if its market price is $875?_______% (Round to two decimal places)

1b. What is the value of the bond to you, given your 9 percent required rate of return?$_______ (Round to the nearest cent.)

1c. Should you sell the bond or continue to own it? (Select the best choice below.)