1. Suppose you bought a 5% coupon bond and have held it for four years. The face value of the bond is $1,000. Each year you received coupon payments annually. The bond has had the following year-end prices:

Year	Price
1	$950
2	$975
3	$990
4	$980

1. What were percentage rate of returns for Year 2, Year 3, and Year 4?
2. What is the arithmetic average return for the bond over Year 2 to Year 4?
3. What is the geometric average return for the bond over Year 2 to Year 4?