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5 years ago, you paid $1041 for a $1,000 par bond that has a 6% coupon rate and makes annual payments. You are selling it
5 years ago, you paid $1041 for a $1,000 par bond that has a 6% coupon rate and makes annual payments. You are selling it today, after receiving 5 coupon payments, for $971. You reinvested coupons at the 4.2% annual rate. What is your total return? (Report your answer to the nearest 0.01%, without the % symbol. E.g., if your answer is 5.1537%, enter it as 5.15.)
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