i Data Table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Quoted Prices (% of $1,000 par value) Beginning End of Average Holding Period Return Year of the Year the Year on High-Grade Corporate Bonds 2010 93.073 100.475 7.30% 2011 100.475 102.369 11.72% 2012 102.369 104.805 -6.89% 2013 104.805 111.267 7.90% 2014 111.267 121.313 9.11% Print Done In early January 2010, you purchased $18,000 worth of some high-grade corporate bonds. The bonds carried a coupon of 7% and mature in 2024. You paid 93.073 when you bought the bonds. Over the five years from 2010 through 2014, the bonds were priced in the market as follows: 6 Coupon payments were made on schedule throughout the 5-year period. a. Find the annual holding period returns for 2010 through 2014. (See Chapter 5 for the HPR formula.) b. Use the average return information in the given table to evaluate the investment performance of this bond. How do you think it stacks up against the market? Explain. a. The holding period return for 2010 is %. (Round to two decimal places.) The holding period return for 2011 is %. (Round to two decimal places.) The holding period return for 2012 is %. (Round to two decimal places.) The holding period return for 2013 is %. (Round to two decimal places.) The holding period return for 2014 is %. (Round to two decimal places.) b. Use the average return information in the given table to evaluate the investment performance of this bond. How do you think it stacks up against the market? Explain. (Select the best choice below.) 0 The market has outperformed the corporate bond investment. The average rate of return for the investment is 5.83% versus the average market rate of 12.71%. The high-grade corporate bond investment has outperformed the market. The average rate of return for the investment is 12.71% versus the average market rate of 5.83%. O