7. What explains the relationship between annualized holding period return calculated above and the yield to maturity in (1)? Check all that apply. The annualized holding period return when selling the zero coupon bond early equals the ex-ante YTM irrespective of future YTM changes. 1 The annualized holding period return when selling the zero coupon bond early increases as future YTMs increase. The annualized holding period return when selling the zero coupon bond early increases as future YTMs decrease. The annualized holding period return when holding the zero coupon bond until expiration equals the ex-ante YTM irrespective of future YTM changes. The annualized holding period return when holding the zero coupon bond until expiration increases as future YTMs increase. The annualized holding period return when holding the zero coupon bond until expiration increases as future YTMs decrease