In early January 2014, you purchased $117,000 worth of some high-grade corporate bonds. The bonds carried a coupon of 9% and mature in 2027. You paid 101.623 when you bought the bonds. Over the five years from 2014 through 2018, 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 Treasury Bonds
2014	101.623	110.182	8.90%
2015	110.182	108.962	10.80%
2016	108.962	106.228	1.30%
2017	106.228	107.027	0.70%
2018	107.027	100.682	2.90%

Annual coupon payments were made on schedule throughout the five-year period.

a. Find the annual holding period returns for 2014 through 2018.

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.