Question: Please include the answers and how to solve A bond is issued with a coupon of 5% pald annually, a maturity of 37 years, and

Please include the answers and how to solve

A bond is issued with a coupon of 5% pald annually, a maturity of 37 years, and a yield to maturity of 8%. What rate of return will be earned by an investor who purchases the bond for $646.74 and holds it for 1 year if the bond's yield to maturity at the end of the year is 9% ? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Negative amount should be indicated by a minus sign

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