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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 1/4 Current yield: 7.4%

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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 1/4 Current yield: 7.4% Maturity date: 2015 If the bond is selling for $870 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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