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you ought a bond with face value of 1000 and 7% coupon rate for 9000...

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Finance

you ought a bond with face value of 1000 and 7% coupon rate for 9000
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You bought a bond with face value of $1,000 and 7% coupon rate (paid semi-annually) for $900. After 6 months you received one coupon payment and then sold the bond for the same price. What effective rate of return did you earn on this investment? Is the yield to maturity (YTM) of a bond the same as its expected return

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