use excel to explainAssuming markets are operating efficiently, use the current Information to answer the question.

Current Market Information:

Zero Coupon US Treasury Bond Prices

Today you purchase a new $12\mathrm{.}0\%$ Coupon bond $($semi$-$annual pmts$.)$ issued by the US Treasury. The bond

matures in $20$ yrs$.$ You buy the bond today at fair value and over the following $10$ years, the Federal

Reserve reduces Treasury rates at every maturity by $-100bp$ or $-1\mathrm{.}0\%.$ What is the realized return on your

easury bond investment over the $10yr$ holding period, assuming you sell for fair value?

Answer: