Question: Q.IV) Problem - Bond Returns Gul buys a 9.0% coupon bond with $1.000 face value and 100% yleld to maturity. The bond makes semi-annual coupon

Q.IV)

Problem - Bond Returns Gul buys a 9.0% coupon bond with $1.000 face value and 100% yleld to maturity. The bond makes semi-annual coupon payments and has 20 years to maturity. The yield to maturity of this bond increases to 11.0% six months later. Calculate Gul's return on investment over the 6-month period, (Intermediate computations should not be rounded. Enter your result as a percentage with two decimal places rounded off. A minus symbol should be used to denote a negative value.) Rate of return

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