6. Bond returns. Bond Z is a 2-year, risk-free zero-coupon bond with a par value of $100. The 2-year market yield for risk-free assets is currently 1%. If in one year the 1-year yield is 3%, what would be the 1-year holding period return for the bond? 6. Bond returns. Bond Z is a 2-year, risk-free zero-coupon bond with a par value of $100. The 2-year market yield for risk-free assets is currently 1%. If in one year the 1-year yield is 3%, what would be the 1-year holding period return for the bond