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Problem 6 - 1 9 Rate of Return ( LO 3 ) A 2 - year maturity bond with face value of $ 1 ,

Problem 6-19 Rate of Return (LO3)
A 2-year maturity bond with face value of $1,000 makes annual coupon payments of $90 and is selling at face value. What will be the rate of return on the bond if its yield to maturity at the end of the year is:
Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.
\table[[,Rate of Return],[a.6%,14.55,%
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