You buy an 8% coupon, 20-year maturity bond when its yield to maturity is 9%. (Assume semiannual

Question:

You buy an 8% coupon, 20-year maturity bond when its yield to maturity is 9%. (Assume semiannual "coupon payments.) Six months later, the yield to maturity is 10%. What is your return over the 6 months?

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...