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Question 7 Oscorp's Norman Special Long Bond have a coupon rate of 0 . 5 0 % and pay the coupon on a semi -

Question 7
Oscorp's Norman Special Long Bond have a coupon rate of 0.50% and pay the coupon on a semi-annual basis. The face value of the bond is $1000. You purchased these bonds one year ago at a YTM of 7%. At that time the bonds had a maturity of 25 years. Today the bonds are trading at a YTM of 7.50%. What is the total bond return? (Enter your answer as a % accurate to two decimal points. DO NOT add a % symbol or any extraneous punctuation.)
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