In early January 2010, you purchased $49,000 worth of some high-grade corporate bonds. The bonds carried a coupon of 5 3/8 % and mature in 2024. You paid 95.996 when you bought the bonds. Over the five years from 2010 through 2014, the bonds were priced in the market as follows:

	Quoted Prices (% of $1,000 par value)
Year	Beginning of the Year	End of the Year	Average Holding Period Return on High-Grade Corporate Bonds
2010	95.996	103.023	7.30%
2011	103.023	104.743	11.72%
2012	104.743	106.876	-6.89%
2013	106.876	115.304	7.90%
2014	115.304	125.342	9.11%

Coupon payments were made on schedule throughout the 5-year period.

a. Find the annual holding period returns for 2010 through 2014. (Use HPR Formula) (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.