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Four years ago you purchased a 1 0 - year 3 % coupon bond. At that time, the market rate of interest was 3 .

Four years ago you purchased a 10-year 3% coupon bond. At that time, the market rate of interest was 3.60%. Today, you sell the bond (the current market rate of interest is 5.40%). For all parts, do not enter the $ or % sign, keep prices as positive, and keep 2 decimal places. E.g. enter -$3.456 as 3.46 and -9.876% as -9.88.
(c) What rate of return did you earn on your investment over the 4-year period that you held the bond?

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