8. A bond was issued 150 days ago, with a maturity of 10 years. The bond carries a coupon rate of 8% paid semi-annually and a face value of $10 000. The price of the bond with accrued interest is currently $10 253.87. You plan to sell the bond 420 days from now. The schedule of coupon payments over the first two years, from the date of purchase, is as follows:

Calculate your 420 day return and annualized it, if the price of the bond at expiration is $10 050.

Coupon Days after Purchase Amount