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A 10-year bond that makes semiannual coupon payments is currently selling at price of $1200. The annual coupon rate is 8% In 6 months the

A 10-year bond that makes semiannual coupon payments is currently selling at price of $1200. The annual coupon rate is 8% In 6 months the interest rate increases by 2%. What is your semi-annual holding period return?

(If you use financial calculator, please write clearly each values for your time value button.)

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