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A bond is issued on January 1, 2020 and pays its coupons once annually. Its coupon rate is 4.7%, its maturity is 2 years, its
A bond is issued on January 1, 2020 and pays its coupons once annually. Its coupon rate is 4.7%, its maturity is 2 years, its face value is $1,000, and it is purchased at par on January 1, 2020. What is the rate of return from January 1, 2020 until January 2, 2021 if the bond is selling at a yield to maturity of 3.6% by January 2, 2021?
A) 1.06%.
B) 2.82%.
C) 5.73%.
D) 5.76%.
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