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2 7 . What is the holding period yield for an investor who pays $ 1 , 1 4 5 for a bond with a

27. What is the holding period yield for an investor who pays $1,145 for a bond with a $1,000 face value and a 5% coupon and sells the bond three years later for $1,250?
a.5.00%
b.8.93%
c.7.21%
d.3.78%

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