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You bought a newly issued 1 0 - year, $ 1 , 0 0 0 par value, 5 . 5 0 % coupon bond (
You bought a newly issued year, $ par value, coupon bond with semiannual coupon payments on May You decided to check the value and yields on the bond annually, so that you can keep track of your wealth. Your first check was to be done on May On April the yield to maturity for the bond changed to
For your one year anniversary of owning the bond, calculate the bond's total yield for the first year of ownership. Report the percentage to two decimal places
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