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K O Points: 0 of 1 Save Suppose that you just bought a four-year $1,000 coupon bond with a coupon rate of 6.4% when

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K O Points: 0 of 1 Save Suppose that you just bought a four-year $1,000 coupon bond with a coupon rate of 6.4% when the market interest rate is 6.4%. You sell the bond one year later after the market interest rate falls to 4.4%. The rate of return earned on the bond during the year was %. (Round your response to two decimal places.)

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