A 8% coupon bond has a par value of $1,000 and a yield-to-maturity of 5.8%. You purchase the bond when it has exactly 6 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 doesn't change between the time you buy and sell the bond, what is your percentage return over this 6-month holding period?

Answer rating: 100% (QA)

First lets calculate the coupon payment received after 6 months Coupon payment Coupon rate Par value ... View the full answer