You purchase a 8-year bond at $94 per $100 par value that pays a 6.6% coupon per annum. Further assume that bond pays coupon semi-annually, and coupons can be reinvested at 3.6% semi-annually for first 6 years. The yield

to maturity of a 2-years comparable bond after 6 years is 6%. If you hold the bond for 6 years, what will be your total return?

Please write the answer in four decimal places and NOT PERCENTAGE

Question 16 Piesan erike thie arises in four decosal plaw and wor Frimce intage Question 16 Piesan erike thie arises in four decosal plaw and wor Frimce intage