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The 88% twenty-year bond yields 6.9% If this yield to maturity rema year hence? Assume annual coupon payments and a face value of $1,000.

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The 88% twenty-year bond yields 6.9% If this yield to maturity rema year hence? Assume annual coupon payments and a face value of $1,000. (Do not round intermediate calculations. Round your answer to 2 decimal places.). b. What is the total return to an investor who held the bond over this year? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Total return 96

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