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A 1 0 - year $ 1 0 0 0 - par 6 % coupon bond has a YTM of 8 . 5 % .

A 10-year $1000-par 6% coupon bond has a YTM of 8.5%.
If you sell the bond 4 years after buying it, and the bond's yield has changed to 7.5%, what is your annual HPR?
What sale price would have been required in order for the investor to have earned a 12% annual HPR?
What YTM would be required for the bond to have the sale price you found in the previous question?

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