Look at Table Assume interest rates in the

Question

Look at Table. Assume interest rates in the

market (yield to maturity) increase from 9 to 12%.

a. what is the bond price at 9%

b. what is the bond price at 12%

c. what would be the percentage of return on the investment if you bought when rates were 9% and sold when rates were 12%?

(Please include formula as well as work)

Finance