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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 3/4 . Current yield:
Suppose that on January 1, 2013. you purchased a coupon bond with the following characteristics: Face value: $1,000 Coupon rate: 8 3/4 . Current yield: 7.5% Maturity date: 2015 If the bond is selling for $810 on January 1, 2014, then the rate of return on this bond during the holding period of calendar year 2013 was % (Round your response to three decimal places.)
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