Mike purchased a bond on its issue date, with a principal of MXN 1,000, which was issued for a term of 25 years. After holding the bond for 6 years, Mike sold it to Amaranta and Mike made a 5% return. Amaranta had the bond for 7 years, which pays a coupon of 8% per annum compounded semi-annually. Later, after having the bond for 7 years, Amaranta sold it to Silvestre. Silvestre held the bond until maturity and obtained a 9% annual yield for the period that the bond was in his possession. What performance did Amaranta have for the 7 years that the bond had? Express performance in annual terms.

financial bond - bono financiero.