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B10. [4 marks] Given the following history of prices for a bond maturing 2 years from today and paying semi-annual coupons at a coupon rate

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B10. [4 marks] Given the following history of prices for a bond maturing 2 years from today and paying semi-annual coupons at a coupon rate of 4% p.a. Prices are "ex-coupon", meaning they do not include the most recently paid coupon. For example, if you purchase today at $104.24, the first coupon you will receive will be in six months. Ex-coupon Price 24 months ago $99.48 18 months ago $98.24 12 months ago $99.44 $100.47 6 months ago. Today $104,24 What was the cumulative holding period return for an investor who purchased $100,000 face value of the bond 24 months ago, reinvested all coupons into the bond, and sold their total holdings in the bond today? Report your answer in percent to two decimal places (e.g., "1.23%"). "By "cumulative", I mean that you do not need to annualise the calculated return

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