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QUESTION 5 A 20-vear bond was bought at face value of $7.000.00 when it was issued. The first bondholder kept it for 5 years, collecting

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QUESTION 5 A 20-vear bond was bought at face value of $7.000.00 when it was issued. The first bondholder kept it for 5 years, collecting the yearly coupons of 2.24% bond rate once per year. The bondholder was able to sell it with a yield of 1.78%. The second bondholder kept it unth its maturity. What was the yield for the second bondholder

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