If you purchase a $1,000 face value, 4% annual coupon bond with 6 years to maturity when the going interest rate (or yield) is 3%, then you would pay $1,054.17 for the bond. Suppose that you sell it a year later at which time the going interest rate has risen to 3.5%. What is your rate of return on the bond? Enter your answer as a percentage rounded to two decimals. In other words, if your answer is 3.39%, enter 3.39 Add your Integer, decimal, or E notation allowed answer

If you purchase a $1,000 face value, 4% annual coupon bond with 6 years to maturity when the going interest rate (or yield) is 3%, then you would pay 51,054,17 for the bond. Suppose that you seli ic a year later at which time the going interest rate has risen to 3.5\%. What is your rate of return on the bond? Enter your answer as o percentoge rounded to two decimals, in other words, if your answer is 3.39%, enter 3.39