You buy a nine-year bond that has a 6.25% current yield and a 6.25% coupon (paid annually). In one year, promised yields to maturity have risen to 7.25%. What is your holding-period return? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)