Three years ago, Michele purchased four (4) Great Waste Life corporate bonds at a discount of $980 each. The face amount on each bond is $1000. The bond had a coupon rate of 3%, payable semi-annually, and is currently maturing. a) What is Michele's holding period return on the bonds? Show your calculations. (3 marks) b) What is her annual rate of return on the bonds? Show your calculations(2 marks)