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A 10-year bond that makes semiannual coupon payments is currently selling at par value of $1000. The annual coupon rate is 8% and the initial

A 10-year bond that makes semiannual coupon payments is currently selling at par value of $1000. The annual coupon rate is 8% and the initial YTM is 8%. In 6 months the interest rate falls to 7%. What is your semi-annual holding period return?

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