Problem:

Five year ago, you invested in a 5% semi-annual coupon bond with a face value $1,000 for $910. Today, at the date of maturity, the bond issuer announces that default occurs with a renegotiation price $950.

Required:

Question: If you accept the renegotiation price at the date of maturity, what is your realized annual rate of return?

Note: Please provide reasons to support your answer.