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4 years ago you purchased a 11 year maturity, 3.9% coupon annual pay bond at a price of $101 per $100 of face value. Shortly
4 years ago you purchased a 11 year maturity, 3.9% coupon annual pay bond at a price of $101 per $100 of face value. Shortly after you purchased the bond, yields changed to 5.59%. If you sell the bond today at a price of $103 per $100 of face value, what is your annualized holding period return?
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