Question

1 year ago you purchased a 6-year, 11% coupon bond when rates were 11%. Today, you...

1 year ago you purchased a 6-year, 11% coupon bond when rates were 11%. Today, you sell the bond when rates are 9%. What is your 1-year rate of return on this investment? Answer in decimals (no percent) and round to 4 decimal places, for example 0.1234.

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