Suppose you just purchased a bond with 18 years to maturity that pays an annual coupon of $32.00 and is selling at par. Calculate the one-year holding period return for each of these three cases:
a. The yield to maturity is 4.70% one year from now. (Negative value should be indicated by a minus sign. Round your answer to 4 decimal places.) HPR %
b. The yield to maturity is 2.10% one year from now. HPR %