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6 . You buy an 8 y bond that has par value of $ 1 0 0 0 , a YTM of 6 % and

6. You buy an 8y bond that has par value of $1000, a YTM of 6% and a 5% coupon (paid annually). In a year, after the YTM declines to 4% and you also get your first coupon payment, you sell the bond. What is your holding period return?

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