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A government bond matures in 6 years, makes annual coupon payments of 5 % and offers a yield of 3 % annually compounded. Assume face

A government bond matures in 6 years, makes annual coupon payments of 5% and offers a yield of 3% annually compounded. Assume face value is $1,000.(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
a. Suppose that one year later the bond still yields 3%. What return has the bondholder earned over the 12-month period?
Answer is complete but not entirely correct.
\table[[Rate of return,3.70ox,%
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