In early January 2010, you purchased $19,000 worth of some high-grade corporate bonds. The bonds carried a coupon of 5% and mature in 2024. You paid 93.683 when you bought the bonds. Over the five years from 2010 through 2014, the bonds were priced in the market as follows: 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 L% Round to two decimal places.) The holding period return for 2014 %. (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.) O 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 11.45% The high-grade corporate bond investment has outperformed the market. The average rate of return for the investment is 11.45% versus the average market rate of 5.83% O oughout the 5-year penod. iding period returns for 2010 through 2014. (See Chapter 5 for the HPR formula.) turn information in the given table to evaluate the investment performance of this bond. How do you think it stacks up ag return for 2010 is %. (Round to two decimal places.) return for 2011 is %. (Round to two decimal places.) return retur Data Table retur ge retur up agains the bes has ou prage mark (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 on High-Grade Corporate Bonds 2010 93.683 101.537 7.30% 2011 101.537 103.334 11.72% 2012 103.334 108.039 -6.89% 2013 108.039 115.347 7.90% 2014 115.347 128.145 9.11% rade cor of 5.83 prsus the av Print Done