You buy a 20-year bond with a coupon rate of 97 that has a


You buy a 20-year bond with a coupon rate of 9.7% that has a yield to maturity of 10.7%. (Assume a face value of $1,000 and semiannual coupon payments.) Six months later, the yield to maturity is 11.7%. What is your return over the 6 months? (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.) Please show work

Rate of return is ____ %

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Financial Management: You buy a 20-year bond with a coupon rate of 97 that has a
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