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Phil bought Bond A one year ago for $1,000. Currentiy the bond sells for $1,210 and has 10 years remaining to maturity with a 9%

Phil bought Bond A one year ago for $1,000. Currentiy the bond sells for $1,210 and has 10 years remaining to maturity with a 9% coupon rate. What do you know about Phil's bond rate of return over the past year compared to the YTM today? Phil's rate of return = YTM Phil's rate of return \&YTM Phil's rate of return > YTM

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