# Question: refer to table 101 which is based on bonds paying...

###### Question details

Refer to Table 10-1, which is based on bonds paying 10 percent interest for 20 years. Assume interest rates in the market (yield to maturity) increase from 12 to 14 percent.

**a.** What is the bond price at 12 percent?

**b.** What is the bond price at 14 percent?

**c.** What would be your percentage return on the
investment if you bought when rates were 12 percent and sold when
rates were 14 percent? **(Do not round intermediate
calculations. Input your answer as a percent rounded to 2 decimal
places.)**