Question: A $25000-face-value bond has a 6.2% coupon rate, its current price is $24740, and is expected to be sold for $25320 next year. What is

A $25000-face-value bond has a 6.2% coupon rate, its current price is $24740, and is expected to be sold for $25320 next year. What is the bond's expected rate of retur? Answer: % (DO NOT ROUND YOUR CALCULATIONS UNTIL YOU REACH THE FINAL ANSWER. ENTER YOUR RESPONSE ROUNDED TO TWO DECIMAL PLACES)

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