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Exactly 6 years ago you bought a 1000 par value bond payi.pdf

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Exactly 6 years ago, you bought a $1,000 par value bond paying 7.1% coupons on a semiannual basis for $930.65. Over the 6 years, you reinvested the coupon payments and received a total of $78.54. You believe you will be able to sell the bond today for $1029.80. What is the total annual return of your bond? Submit your final answer as a percentage rounded to two decimal places (Ex. 0.00%)..

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Exactly 6 years ago, you bought a $1,000 par value bond paying 7.1% coupons on a semiannual basis for $930.65. Over the 6 years, you reinvested the coupon payments and received a total of $78.54. You believe you will be able to sell the bond today for $1029.80. What is the total annual return of your bond? Submit your final answer as a percentage rounded to two decimal places (Ex. 0.00%).

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