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eBook Suppose a Midwest Telephone and Telegraph (MTT) Company bond, maturing in one year, can be purchased today for $930. Assuming that the bond is

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eBook Suppose a Midwest Telephone and Telegraph (MTT) Company bond, maturing in one year, can be purchased today for $930. Assuming that the bond is held until maturity, the investor will receive $1,000 (principal) plus 5 percent interest (that is, 0.05 * $1,000 - $50). Determine the percentage helting ponad return on this investment. Round your answer to two decimal places. 12.90 %

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