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  3. you purchased a 9-year annual-interest coupon bond

You purchased a 9-year annual-interest coupon bond 1 year ago. Its coupon interest rate was...

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You purchased a 9-year annual-interest coupon bond 1 year ago. Its coupon interest rate was 9.2%, and its par value was $1,000. At the time you purchased the bond, the yield to maturity was 5.4%. If you sold the bond after receiving the first interest payment and the bond's yield to maturity had changed to 3.7%, your annual total rate of return on holding the bond for that year would have been approximately %. Enter your answer in percent to the nearest hundredth, for example if your answer is .25432, enter 25.43

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