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A company issues 4% coupon bond for par value today. These bonds make semi annual coupon payments and mature in 12 years. You buy one

A company issues 4% coupon bond for par value today. These bonds make semi annual coupon payments and mature in 12 years. You buy one of these bonds for exactly $1000. You hold the bond for 6 months, collect the coupon payment, and then sell the bond immediately there after. If the bonds yield to mateurity is 7.7% when you sell it, what is your percentage return over this six-month holding period? Do work through calculator not excel.

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