The Evergreen Bank has purchased a bond that has a coupon rate of 5.5% and a face value of $1000. It has 11 years to maturity and is selling in the market for $887.52. The bond makes annual coupon payments. The Evergreen l Bank is planning on selling this bond at the end of 5 years for $1036.50. What is the holding period return on this bond? Answer 5.5% 7% 11% 9% None of the above

The Evergreen Bank has purchased a bond that has a coupon rate of 5.5% and a face value of $1000. It has 11 years to maturity and is selling in the market for $887.52. The bond makes annual coupon payments. The Evergreen l Bank is planning on selling this bond at the end of 5 years for $1036.50. What is the holding period return on this bond?
Answer

		5.5%
		7%
		11%
		9%
		None of the above

Answer
9%