A 30-year maturity bond has a 6.7% coupon rate, paid annually. It sells today for $881.17. A 20-year maturity bond has a 6.2% coupon rate, also paid annually. It sells today for $893.1. A bond market analyst forecasts that in five years, 25-year maturity bonds will sell at yields to maturity of 7.7% and 15-year maturity bonds will sell at yields of 7.2%. Because the yield curve is upward sloping, the analyst believes that coupons will be invested in short-term securities at a rate of 7.2%.a. Calculate the annual return for the 20-year maturity bond over the next five years. (Do not round intermediate calculations. Round your answer to 2 decimal places.)Expected rate of return %b. What is the expected return of the 10-year bond. (Do not round intermediate calculations. Round your answer to 2 decimal places.)Expected rate of return

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e. g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)