The twenty-year bond yields 6.1% and has a coupon of 8.1%. Ifthis yield to maturity remains unchanged, what will be its priceone year hence? Assume annual coupon payments and a face value of$100. (Do not round intermediate calculations. Round youranswer to 2 decimal places.)
Price $
b. What is the total return to an investor whoheld the bond over this year? (Do not round intermediatecalculations. Enter your answer as a percent rounded to 2 decimalplaces.)
Total return %
