Calculate the total return on this bond

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Reference no: EM131613948

One year ago, you purchased BNG bonds which now have 10 years remaining until maturity and pay an annual coupon of 7%. The face value is $1,000. The bonds were purchased at par at issue. The yield to maturity today is 6.55%. Calculate the total return on this bond. (Enter percentages as decimals and round to 4 decimals).

Reference no: EM131613948

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