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3 years ago you purchased a 10 year maturity, 4.8% coupon annual pay bond at a price of $94 per $100 of face value. Shortly
3 years ago you purchased a 10 year maturity, 4.8% coupon annual pay bond at a price of $94 per $100 of face value. Shortly after you purchased the bond, yields changed to 7.35%. If you sell the bond today at a price of $96 per $100 of face value, what is your annualized holding period return?
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