Question: Problem 2 ( 7 marks ) Pearson Printing Inc. issued $ 2 0 million face value, 5 - year bonds on November 1 5 ,

Problem 2(7 marks)
Pearson Printing Inc. issued $20 million face value, 5-year bonds on November 15,2023. Each bond has a face value of $1,000, was issued at a quoted price of 95.0, and pays its 7% coupon semi-annually.
If an investor purchased a $1,000 par value bond when it was first issued on November 15,2023, and sold the bond on November 15,2024, for $1,024.35, what was their annual holding period return?
Problem 2 ( 7 marks ) Pearson Printing Inc.

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