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VolCo issues 5% coupon bonds for par value today. These bonds make semiannual coupon payments and mature in 14 years. You buy one of these
VolCo issues 5% coupon bonds for par value today. These bonds make semiannual coupon payments and mature in 14 years. You buy one of these bonds for exactly $1,000. You hold the bond for 6 months, collect the coupon payment, and then sell the bond immediately therafter. If the bond's yield-to-maturity is 6.4% when you sell it, what is your percentage return (not annualized) over this 6month holding period? Enter your answer as a decimal and show 4 decimal places. For example, if your answer is 6.25%, enter .0625
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