(Answered) Suppose that on january 1 2013 you purchased a coupon bond

Finance

Suppose that on January 1, 2013, you purchased a coupon bond with the following characteristics:

Face Value: $1,000
Coupon Rate: 8 3/8
Current Yield: 7.5%
Maturity Date: 2015

If the bond is selling for $850 on January 1. 2014, then what was your rate of return on this bond during the holding period of calendar year 2013?

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