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You bought a $1,000-face 10%-coupon bond that had five years of remaining maturity one year ago. Rates were 5%. You sold the bond today and
You bought a $1,000-face 10%-coupon bond that had five years of remaining maturity one year ago. Rates were 5%. You sold the bond today and gained 6% on your entire bond investment. You thought interest rates today would be either 3%, 5%, or 7% with equal probabilities for each. Your expected return when you bought the bond was _._% (Round to nearest 10th of a percent, no percent sign)
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