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At the beginning of 2 0 1 6 , Amy bought a 7 % coupon bond, paid semiannually, that had ten years remaining to maturity.

At the beginning of 2016, Amy bought a 7% coupon bond, paid semiannually, that had ten years remaining to maturity. She paid 96 for the bond. The bond pays interest at the end of June and December each year, and she can reinvest the coupons at an annual rate of 5%. She sold the bond at the end of 2019, at that time the yield to maturity was 6%.
How long was Amy's holding period for this bond (in years)?
What was the selling price at the end of 2019?
What was the future value of coupon payments at the end of 2019, given her reinvestment rate of 5%?
?
What was the horizon yield for Amy on this bond investment?
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