Question: 33. A $8000 face-value bond has a 6.4% coupon rate, its current price is $7870, and is expected to increase to $8020 next year. What

33. A $8000 face-value bond has a 6.4% coupon rate, its

33. A $8000 face-value bond has a 6.4% coupon rate, its current price is $7870, and is expected to increase to $8020 next year. What is the bond's rate of return? Answer: % (DO NOT ROUND YOUR CALCULATIONS UNTIL YOU REACH THE FINAL ANSWER. ENTER YOUR RESPONSE ROUNDED TO TWO DECIMAL PLACES.)

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