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You purchased a newly issued 25-year $1000 par value bond with a 7% annual coupon rate, and a YTM = 6.20%. You sell the bond

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You purchased a newly issued 25-year $1000 par value bond with a 7% annual coupon rate, and a YTM = 6.20%. You sell the bond 5 years later when the YTM, is at 7%. What was your annual rate of return (IRR) on this bond over your 5-year holding period? 6.20% 7.58% 5.62% 4.70% 6.01%

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