An investor buys a newly issued annual bond that pays its coupons once a year. Its coupon rate is 5.5%, its maturity is 15 years, and its yield to maturity is 10.75%.

a. At what price did the investor buy the bond?

b. A year later the investor sells the bond when the bond's yield to maturity is 12.26%. What price did the investor sell the bond?

c. What is bonds capital gains return (capital appreciation)?

%

d. What is the bond's current yield return (income return)?

%

e. What is the investor's one year holder period return (return)?