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Bond of 56 Auto the with a gur value of 51,000 sell for 98 , 5, mature in 8 vears and have a 5% armual

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Bond of 56 Auto the with a gur value of 51,000 sell for 98 , 5, mature in 8 vears and have a 5% armual coupon rate paid semi-annually. As an investor with a four year holdine perlod, you want to compute the annual compound return assumlng that coupons can be reiruested at 4.5% and the yiold on 4 year bonds will be 5.25% at the end of four years The value of the bond at the end of of years will be \$ The value of the semi-annual coupons invested at the reinvestment rate will be $ at the end of the holding period. The holding period mpound annual return on this bond is projected to be 96. The currentyield of the bond is 96

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