Suppose that an investor with a 3-year investment horizon is considering buying an 8-year 6% coupon bond selling atpar(semi-annual coupon payments). The investor expects that she can reinvest the coupin payments at an annual interest rate of 7% and that at the end of the investment horizon all bonds will be selling to offer a YTM of 9%.

1. How much is the coupons & interest earned on reinvesting these coupon by the end of 3-yr?
2. What is the sale price of the bond by the end of 3 year?
3. What is the (annualized) expected holding period return for this bond?

Round your answer to 2 decimal places.