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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 its maturity is years, and its yield to maturity is
a Find the holdingperiod return for a year investment period if the bond is selling at a yield to maturity of by the end of the year.
Do not round intermediate calculations. Round your answer to decimal places.
Answer is complete but not entirely correct.
tableHoldingperiod return,
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