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Assume a bond has a face value of $1,000 and matures in 7 years. The bonds pay 4% coupon interest semi-annually. Suppose you buy the

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Assume a bond has a face value of $1,000 and matures in 7 years. The bonds pay 4% coupon interest semi-annually. Suppose you buy the bond for $970 and hold it to maturity. What is your return on this bond? Present your answer in percentage to 3 decimal places (including the % symbol), e.g. 12.345% (25\% marks will be deducted if the % symbol is not provided)

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