6.6 By the end of this year, the bond will have only 1 year left until maturity. It will make only one more payment of coupon plus face value, so its price will be $1,050/1.0215 = $1,027.90. The rate of return is therefore $50+($1,027.90-$1,055.21) $1,055.21 .0215, or 2.15% 6.7 If you invest in a 2-year bond, you will have $1,000 1.062 = $1,123.60.