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On March 15, 2008, Dan purchased a corporate bond from his neighbor, Mike. The bond had a Par Value of $1,000 and an annual coupon

On March 15, 2008, Dan purchased a corporate bond from his neighbor, Mike. The bond had a Par Value of $1,000 and an annual coupon rate of 10.38%, and the coupon interest was payable on may 15 and November 15 of each year. Dan paid Mike $968.32 for the bond. On march 15, 2009, Dan sold the bond to Alex for $947.18. Calculate Dan's total annual percentage rate of return on the investment. In addition, calculate the annual income yield and the annual capital gains yield of the investment.

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