15.

Question 15 5 pts Two years ago, Bob purchased a 20-year $1.000 par value zero-coupon bond for $311.80. If today with 18 years to maturity) the bond is priced to yield 5.40%, what is his ancualized return if he sells the bond? Hint: Calculate the price of the bond today, and use as FV to calculate the return over 2 years. Your answer should be between 402 and 2246, rounded to 2 decimal places, with no special characters