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Rudy purchased a 7.5% coupon rate bond one year ago for its face value of $100. He bought the bond just after the coupon date.
Rudy purchased a 7.5% coupon rate bond one year ago for its face value of $100. He bought the bond just after the coupon date. Yesterday the bond paid its annual coupon. The bond currently has 19 years until maturity and has a yield to maturity of 7.253%. If Rudy sells the bond today, then what is his return for the last year? Express your answer in percentage form rounded to one decimal place
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