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Need the right answer dont use AI What is the expected annual return (in %s) over three years for the second strategy? Information from prior:

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What is the expected annual return (in \%s) over three years for the second strategy? Information from prior: An investor is presented with the following two alternative strategies: (1) Purchase a 3-year bond with an interest rate of 8.35% and hold it until maturity, or (2) purchase a 1-year bond with an interest rate of 8.00% and when it matures, purchase another 1 -year bond with an expected rate of 8.25% and when that matures, purchase another 1 -year bond with an interest rate of 9%

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