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You buy a 20-year bond with a coupon rate of 9.8 % that has a yield to maturity of 10.8 %. (Assume a face
You buy a 20-year bond with a coupon rate of 9.8 % that has a yield to maturity of 10.8 %. (Assume a face value of $1,000 and semiannual coupon payments.) Six months later, the yield to maturity is 11.8%. What is your return over the 6 months? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Negative amount should be indicated by a minus sign. Rate of return %
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