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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% Maturity date: 2015 If the bond is selling for $360 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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