John purchase a treasury bond with exactly 6 years until maturity. the bond has a par value of $1,000, and 8% annual coupon rate paid annually, and a current yield to maturity of 7%. after exactly 3 years, John sold the bond to another investor, with the yield to maturity of 6%. he was always able to reinfest all his coupon income at a return of 4%. all rates are annual. what is his geometric annualized average holding period return over the 3-year period?

4. (13 points) John purchased a treasury bond with exactly six years until on value of $1,000, a 8% annual coupon rate (paid annually), and a current yie 7%. After exactly three years, John sold the bond to another investor, with He was always able to re-invest all his coupon income at a return of 4%. A his geometric ANNUALIZED average holding period return over the 3-ye detailed calculations to receive credits