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An investor buys a $ 1 million face amount of the US 5 . 5 0 0 s of 5 / 1 5 / 2

An investor buys a $1 million face amount of the US 5.500s of 5/15/2025 at 111.8765 in mid May 2023 over a horizon of one year. If the price of the bond at the end of the year is $1,200,000, and if the coupon payment after six months is reinvested for the subsequent six months at a money market rate of 0.100%. The investor borrowed the purchase price for a year at an interest rate of 0.05%. The realized return of the investment over the year is:

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