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1 . A bond has a $ 1 , 0 0 0 par value, 1 2 years to maturity, and an 8 % coupon rate
A bond has a $ par value, years to maturity, and an coupon rate annual coupon payment You purchased the bond today for $
a What is its yield to maturity?
b You plan to sell the bond after three years, and the required rate of return at that time will be What is your holding period return?
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