A coupon bond of 8.4 percent with 18 years left to maturity is priced to...
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Finance
A coupon bond of 8.4 percent with 18 years left to maturity is priced to offer a 6.70 percent yield to maturity. You believe that in one year, the yield to maturity will be 7.4 percent.
What would be the total return of the bond in dollars? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
What would be the total return of the bond in percentage? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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