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Suppose that on January, 1, 2013, you purchased a coupon bond with the following characteristics Face value: $1,000 Coupon rate: 8 34 Current yield: 7.8%

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Suppose that on January, 1, 2013, you purchased a coupon bond with the following characteristics Face value: $1,000 Coupon rate: 8 34 Current yield: 7.8% Maturity date 2015 the bond is selling for $860 on January 1, 2014, then the rate of retum on this bond during the holding period of calendar year 2013 was % (Round your response to three decimal places)

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