Check my work 3 Problem 3-10 Bond returns 10 points A government bond matures in 7 years, makes annual coupon payments of 4.3% and offers a yield of 2.3% annually compounded. Assume face value is $1,000. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) a. Suppose that one year later the bond still yields 2.3%. What return has the bondholder earned over the 12-month period? eBook Rate of return 2.30% References b. Now suppose that the bond yields 1.3% at the end of the year. What return did the bondholder earn in this case? Rate of return %