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A bond is issued with a coupon of 4 % paid annually, a maturity of 3 9 years, and a yield to maturity of 7

A bond is issued with a coupon of 4% paid annually, a maturity of 39 years, and a yield to maturity of 7%. What rate of return will be
earned by an investor who purchases the bond for $602.05 and holds it for 1 year if the bond's yield to maturity at the end of the year
is 9%?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Negative amount
should be indicated by a minus sign.
Answer is complete but not entirely correct.
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