A six-year government bond makes annual coupon payments of 6% and offers a yield of 3% annually compounded. Suppose that two year later the bond yields 1% at the end of the year. What return has the...

A six-year government bond makes annual coupon payments of 6% and offers a yield of 3% annually compounded.

Suppose that two year later the bond yields 1% at the end of the year.

What return has the bondholder earned over the 24-month period?