Suppose that an investor with a 2-year investment horizon is considering the purchase of a 20-year 12% coupon selling for a yield to maturity of 9% and a par value of $1,000. Assume that the yield is expected to change as follows: Year Yield (%) 0.5 8.5 1.0 8.0 1.5 7.5 2.0 7.0 What is the effective total return for this bond? 17.4771% 8.6839% 8.5031% 16.7737% Suppose that an investor with a 2-year investment horizon is considering the purchase of a 20-year 12% coupon selling for a yield to maturity of 9% and a par value of $1,000. Assume that the yield is expected to change as follows: Year Yield (%) 0.5 8.5 1.0 8.0 1.5 7.5 2.0 7.0 What is the effective total return for this bond? 17.4771% 8.6839% 8.5031% 16.7737%