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student who can pass Enterprises week 1 on the job training, which means we can think and solve problems, we decided to buy a 10-year
student who can pass Enterprises week 1 on the job training, which means we can think and solve problems, we decided to buy a 10-year annual interest coupon bond one year ago. Its coupon interest rate was 5% and its par value was $1,000. At the time you purchased the bond, the yield to maturity was 6%. If you sold the bond after receiving the first 2 interest payment and the bond's yield to maturity had changed to 6.5%, your annual total rate of return on holding the bond for that year would have been __________.
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