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A newly issued bond pays its coupons once annually. Its coupon rate is 4 % , its maturity is 2 0 years, and its yield

A newly issued bond pays its coupons once annually. Its coupon rate is 4%, its maturity is 20 years, and its yield to maturity is 11.5%.
a. Find the holding-period return for a 1-year investment period if the bond is selling at a yield to maturity of 10% by the end of the year.
(Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer is complete but not entirely correct.
\table[[Holding-period return,21.69,%
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