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You buy a(n) 6.0% coupon, 20-year maturity bond when its yield to maturity is 7.0%. A year later, the yield to maturity is 8.0%. What
You buy a(n) 6.0% coupon, 20-year maturity bond when its yield to maturity is 7.0%. A year later, the yield to maturity is 8.0%. What is your rate of return over the year? (Negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) Rate of return %
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