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27. What is the holding period yield for an investor who pays $1,050 for a three-year bond with a $1,000 face value and a 6%

27. What is the holding period yield for an investor who pays $1,050 for a three-year bond with a $1,000 face value and a 6% coupon and sells the bond two years later for $1,220 ? a. 4.00% b. 4.43% C. 6.87% d. 13.30%

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