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Question 15 A 6-year bond is currently traded at $96 per $100 par value and pays a 8% coupon per annum. Further assume that bond

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Question 15 A 6-year bond is currently traded at $96 per $100 par value and pays a 8% coupon per annum. Further assume that bond pays coupon quarterly, and coupons can be reinvestod at 1.5% quarterly for first 3 years. The yield to maturity of a 3-years comparable bond after 3 years is 10%. you hold the band for 3 years, what will be your total retum

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