At the beginning of the year, you bought a $1.000 par value corporate bond with an annual coupon rate of 8 percent and a maturity date of 11 years. When you bought the bond, it had an expected yield to maturity of 14 percent. Today the bond sells for $760.
a. What did you pay for the bond?
b. If you sold the bond at the end of the year, what would be your one-period return on the investment? Assume that you did not receive any interest payment during the holding period.
a. The price you paid for the bond is $