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you purchased a coupon bond on January 2,2020 with the following information : Coupon rate :6.00% interest payment :annual Maturity:5 years Par amount:$100 Yield to

you purchased a coupon bond on January 2,2020 with the following information :

Coupon rate :6.00%

interest payment :annual

Maturity:5 years

Par amount:$100

Yield to maturity:6.20%

Question 1.what price did you pay for this bond? Show all calculations. 2.if you sold the bond exactly two years later at a price of $101, what is your annualized rate of return for the two years ,assuming you did not reinvest any coupon payments ? You must show your work to receive full credit.

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