6 years ago, you paid $975 for a $1,000 par bond that has a 5% coupon with...
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Question:
6 years ago, you paid $975 for a $1,000 par bond that has a 5% coupon with semiannual payments. You are selling it today for $1033. You reinvested coupons at the 2.2% 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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