You buy the 6 percent coupon bond today and the price of the bond is $1.012. Par value of the bond is $1.000. The maturity of the bond is 3 years.If the bond has currently 3 years left to maturity and...

You buy the 6 percent coupon bond today and the price of the bond is $1.012. Par value of the bond is $1.000. The maturity of the bond is 3 years.If the bond has currently 3 years left to maturity and suppose that by the end of the year,

interest rates have changed and the bond’s yield to maturity is now only 4%. What will be the

bond’s rate of return?