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Generic numerical entry instructions: Enter only your final numerical answer, rounded and expressed as requested and the only non-number you should enter (if appropriate) is
Generic numerical entry instructions: Enter only your final numerical answer, rounded and expressed as requested and the only non-number you should enter (if appropriate) is a period as in 12.34 or a minus sign immediately in front of an answer to denote a negative number. The system will insert a comma for you for large numbers. Do not include an equals sign, dollar sign, percent sign, quotes, a space, any text, or punctuation (except the period or minus sign if appropriate). For example, if asked to round to the nearest 2 decimal places, -S1,234.567 should be entered as - 1234.57, not as - $1,234.57 with the dollar sign, not as (1234.57) with parentheses, and not as - 1234.56 which is rounded incorrectly. If asked for the nearest integer, enter 1234 and nothing else. The negative sign (if needed) should be to the left of the + sign on your keyboard. A rate of return of 12.36% rounded to the nearest 3 decimal places should be entered as 0.124, not as 12.4%, not as 0.123, not as 0.1236, etc., but only as 0.124). Please read carefully below for how your answer is to be calculated. Six months ago you purchased a bond with 14 years remaining until maturity, a coupon rate of 5.00% and a yield to maturity of 4.00% at the time of purchase. This morning you received a coupon, and then sold the bond at a yield to maturity of 4.25%. What is your rate of return from 6 months ago to today? Your rate of return should be expressed as an interest rate, not a dollar amount.. and do not "annualize" your answer--for example, a return of 0.0300 over 6 months should be entered as 0.0300 not 0.06 or 0.0609. Express your rate of return in decimal format and accurate to the nearest 4 decimal places (e.g., -0.0123 or 0.0246)
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