At time t = 0 (Now), in the bond market you observe a regular coupon bond with following characteristics: Face value: $1,000.00; Maturity: 4 years; Coupon rate: 7 % and coupons are paid annually. The market interest rate/your required rate of return/yield to maturity is 8.000% per annum continuously compounded.

What is your continuously compounded holding period return, in decimals, at the end of year 1 (t=1)?

[4 decimal places]