Question: You buy a 2 0 - year bond with a coupon rate of 9 . 2 % that has a yield to maturity of 1
You buy a year bond with a coupon rate of that has a yield to maturity of Assume a face value of $ and
semiannual coupon payments. Six months later, the yield to maturity is What is your return over the months?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to decimal places. Negative amount
should be indicated by a minus sign.
Answer is complete but not entirely correct.
Please explain the correct answer :)
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