Question: Question 29 (1 point) You just purchased a regular bond. You paid $910 for the bond. The bond has a face value of $1,000. The

Question 29 (1 point) You just purchased a regular bond. You paid $910 for the bond. The bond has a face value of $1,000. The makes annual coupon payments. Its coupon rate was 4.7%. When you purchased the bond, it had a yield to maturity of 8.8%. What was the expected change in the bond's price during the first year that you owned it. Your answer is to be given as a percentage and it should be accurate to two decimal places. Therefore, 0.073438 would be shown as 7.34. In order to solve the problem, it is not necessary to calculate the price at year one. Your Answer: Answer Page 29 of 30 Next Page

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