Question: 8 1 point A 5 % coupon bond has a par value of $ 1 , 0 0 0 . You purchase the bond at

8
1 point
A 5% coupon bond has a par value of $1,000. You purchase the bond at par value when it has exactly 11 years remaining until maturity. You hold the
bond for 6 months, collect the coupon payment, and then sell the bond immediately. If the bond's yield-to-maturity is 7% when you sell it, what is
your percentage return over this 6-month holding period? DO NOT annualize your answer. Enter your answer as a decimal and show 4 decimal
places. For example, if your answer is 6.25%, enter .0625.
Type your answer...
8 1 point A 5% coupon bond has a par value

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