Question: 2. On the issue date, you bought a 30-year maturity, 8% semi-annual coupon bond. The bond then sold at YTM of 7%. Now, 5

2. On the issue date, you bought a 30-year maturity, 8% semi-annual

2. On the issue date, you bought a 30-year maturity, 8% semi-annual coupon bond. The bond then sold at YTM of 7%. Now, 5 years later, the similar bond sells at YTM of 9%. If you hold the bond now, what is your realized rate of return for the 5 year holding period?

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