Question Five. A three-year $100 annuity has a price of $262.432 and a three-year zero-coupon bond has a price of $81.630. What is the one-year holding period return for each bond in each of the three rate scenarios: (1) interest rates on all maturity bonds are 6% in one year, (2) interest rates on all maturity bonds are 7% in one year, and (3) interest rates on all maturity bonds are 8% in one year. Fill in the holding period returns table. One Year Holding Period Return Bonus. Both bonds have the same maturity yet the zero coupon bond out performs the annuity when rates are 8% and the annuity out performs the zero coupon bond when rates are 6%. Explain why one bond out performs the other when rates are 6% and 8%