c. What can you period and the yields to maturity at the start and end of 10. Bond returns A six-year government bond makes annual coupon payments of 5% and offers a yield of 3% annually compounded. Suppose that one year later the bond still yields 3%. What return has the bondholder earned over the 12-month period? Now sup- pose that the bond yields 2% at the end of the year. What return did the bondholder earn in this case