You own a $20-$year, $$$$1$ comma $000$ par value bond paying $7\mathrm{.}5$ percent interest annually. The market price of the bond is $$$$925,$ and your required rate of return is $10$ percent.

a$.$ Compute the$$ bond's expected rate of return.

b$.$ Determine the value of the bond to$$ you, given your required rate of return.

c$.$ Should you sell the bond or continue to own$$ it$?$