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In early January 2014 , you purchased $102000 worth of some high-grade corporate bonds. The bonds carried a coupon of6% and mature in2027 . You

In early January 2014 , you purchased $102000 worth of some high-grade corporate bonds. The bonds carried a coupon of6% and mature in2027 . You paid $101876 when you bought the bonds. Over the five years from 2014 through 2018, the bonds were priced in the market as below: Quoted Prices (% of $1,000 par value) Year Beginning of Yr End of Yr Average Holding Period Return on High-Grade Corporate Bonds 2014 101.876 109.789 -8.90% 2015 109.789 107.625 10.80% 2016 107.625 105.481 1.30% 2017 105.481 106.795 0.70% 2018 106.795 101.116 2.90% . Annual coupon payments were made on schedule throughout the five-year period. a. Find the annual holding period returns for 2014 through2018 . ( HPR formula= (current income during period + capital gain or loss)/beginning investment value please use this formular and recalculate correctly 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. Question content area bottom Part 1 a. The holding period return for 2014 through 2018 are? enter your accurate response below%. (Round to two decimal places.)

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