Bond portfolios Exactly 3 years ago, you started a portfolio. The portfolio was made up of 12 coupon bonds and 14 zero-coupon bonds:

• The coupon bonds have a coupon rate of 6.69 %, paid semiannually. When you bought them, they had 15 years left until maturity and sold at YTM of 7.11 %. The coupon bonds have a face value of $1,000.

• The zero-coupon bonds also have a face value of $1,000 and were issued originally as 30-year bonds 13 years ago (from today, so 10 years before you bought them). When you bought them, they had YTM of 4.32 %.

Today:
• The YTM on the coupon bonds is 6.32 %.
• The YTM on the zero-coupon bonds is 4.21 %.
How much money did you make (or lose) on your portfolio? In other words, how much higher (or lower) is your portfolio value today than 3 years ago when you bought them?