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  3. you buy a 20-year bond with a coupon rate of 9.6%

You buy a 20-year bond with a coupon rate of 9.6% that has a yield...

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Accounting

You buy a 20-year bond with a coupon rate of 9.6% that has a yield to maturity of 10.5%.(Assume a face value of $1,000 and semiannual coupon payments.) Six months later, the yield to maturity is 11.5%. What is your return over the 6 months?
Note: 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.
Rate of return
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