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You purchase one of Oats Company's 5% coupon bonds for par value today. The bond makes semi-annual coupon payments and matures in 18 years. Suppose
You purchase one of Oats Company's 5% coupon bonds for par value today. The bond makes semi-annual coupon payments and matures in 18 years. Suppose hold the bond for 6 months, collect the coupon payment, and then sell the bond immediately thereafter. If the bond's yieldto-maturity is 7.8% when you sell it, what is your percentage return (not annualized) over this 6-month 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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