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A corporation made a coupon payment yesterday on its 11​%-coupon, ​$1000 par value bonds that make​...

A corporation made a coupon payment yesterday on its 11​%-coupon, ​$1000 par value bonds that make​ semi-annual coupon​ payments, and mature in 12 years. You purchased one of these bonds 5.5 years ago​ and, at the​ time, the yield to maturity on these bonds was 6.49% ​(APR). If you sold your bond today for ​$576.13​, what​ APY did you earn on your investment in the​ bond? ​ (In percent with 3​ decimals.)

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Answer #1
                  K = Nx2
Bond Price =∑ [(Semi Annual Coupon)/(1 + YTM/2)^k]     +   Par value/(1 + YTM/2)^Nx2
                   k=1
                  K =17.5x2
Bond Price =∑ [(11*1000/200)/(1 + 6.49/200)^k]     +   1000/(1 + 6.49/200)^17.5x2
                   k=1
Bond Price = 1467.66
rate of return %= ((selling price+coupon)/purchase price-1)*100%

=((576.13+5.5*110)/1467.66-1)*100=-19.53%

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