You purchase a 8-year bond at $95 per $100 par value that pays a 6% coupon per annum. Further assume that bond pays coupon semi-annually, and coupons can be reinvested at 3.5% 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 Completion Status: yor 12 131 14 15 16 17 Moving to another question will save this response. estion 16 You purchase a 8-year bond at $95 per $100 par value that pays a 6% coupon per annum. Further assume that bond pays coupon 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, Moving to another question will save this response. MacBook Pro esc $ # 5 0