In early January 2014, you purchased $100,000 worth of some high-grade corporate bonds. The bonds carried a coupon of 6% and mature in 2027. You paid 102.625 when you bought the bonds. Over the five years from 2014 through 2018, the bonds were priced in the market as follows: Annual coupon payments were made on schedule throughout the five-year period. a. Find the annual holding period returns for 2014 through 2018. (See Chapter 5 for the HPR formula.) b. Use the average return information in the given table to evaluate the investment performance of this bond. How do you think it stacks up against the market? Explain. a. The holding period return for 2014 is x %. (Round to two decimal places.) The holding period return for 2015 is %. (Round to two decimal places.) The holding period return for 2016 is * %. (Round to two decimal places.) The holding period return for 2017 is x %. (Round to two decimal places.) The holding period return for 2018 is * %. (Round to two decimal places.) b. Use the average return information in the given table to evaluate the investment performance of this bond. How do you think it stacks up against the market? Explain. (Select the best choice below.) The high-grade corporate bond investment has outperformed the Treasury bonds. The average rate of return for the investment is 5.43% versus the average rate of return for the Treasury bonds is 1.36%. O The Treasury bonds have outperformed the corporate bond investment. The average rate of return for the investment is 1.36% versus the average rate of return on Treasury bonds, which is 5.43% i Data Table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Quoted Prices (% of $1,000 par value) Beginning End of Average Holding Period Return Year of the Year the Year on Treasury Bonds 2014 102.626 110.125 -8.90% 2015 110.125 108.750 10.80% 2016 108.750 106.375 1.30% 2017 106.375 106.750 0.70% 2018 106.750 101.250 2.90% Click to select your answer(s)