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A 1-year bond currently sells at $961.54 while a 2-year bond sells at $907.03. Both are default-free zero -coupon bond with 1000 par value. if

A 1-year bond currently sells at $961.54 while a 2-year bond sells at $907.03. Both are default-free zero -coupon bond with 1000 par value. if the actual short-rate in year2 equals to the forward rate the first-year holding period return of the 2-year bond should be

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