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Question 1 1 pts Today you purchase a 9-year bond at a YTM of 7%. The bond pays coupons annually and has a coupon rate
Question 1 1 pts Today you purchase a 9-year bond at a YTM of 7%. The bond pays coupons annually and has a coupon rate of 8%. What is your 1-year rate of return if you sell the bond 1-year from now at a YTM of 12% Input your answer in decimals, not percent. Answer to 4 decimal places, for example 0.1234
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