A coupon bond of 8.9 percent (semi-annual coupon payment) with 11 years left to maturity...
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Finance
A coupon bond of 8.9 percent (semi-annual coupon payment) with 11 years left to maturity is priced to offer a 6.95 percent yield to maturity. You believe that in one year, the yield to maturity will be 8.0 percent. What would be the total return of the bond in percentage?
(Assume interest payments are semiannual. Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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