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D Question 4 A 3% semiannual coupon bond has a par value of $1,000 and a yield-to-maturity of 8%. You purchase the bond when

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D Question 4 A 3% semiannual coupon bond has a par value of $1,000 and a yield-to-maturity of 8%. You purchase the bond when it has exactly 15 years remaining until maturity. You hold the bond for 4 years, collect the coupon payments, and then sell the bond immediately after the last coupon payment. If the bond's yield-to-maturity is 5% when you sell it, what is your annualized percentage return over this 4-year holding period? Enter your answer as a percentage and show 2 decimal places. For example, if your answer is .0625, enter 6.25. 1 pts

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