Bonds issued by glorious vending corporation have a coupon rate of 11.20 percent and a face value of $1,000, pay semi-annual coupons with one just paid and the next coupon due in 6 months, and mature in 9 years from today. six months ago, the bonds were priced at $835.17. today, the bond’s yield-to-maturity (ytm) is 15.60 percent. what was the rate of return for the bonds over the past 6 months (from 6 months ago until today)? answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.
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