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Shekinah purchased a 10-year bond with the face value of $100 and 6.4% annual coupons. She holds the bond for four years and sell it

Shekinah purchased a 10-year bond with the face value of $100 and 6.4% annual coupons. She holds the bond for four years and sell it immediately to Avril after receiving the fourth coupon. If the bonds yield to maturity was 5.1% when she purchased and sold the bond,

a How much did Shekinah purchase the bond? 10 marks

b What is the annual rate of return of Shekinah investment during her holding period

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