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A newly issued bond with face value of $1000 pays its coupons once a year. Its coupon rate is 6%, it matures is 20 years,
A newly issued bond with face value of $1000 pays its coupons once a year. Its coupon rate is 6%, it matures is 20 years, and its yield to maturity is 10%. Find the holding-period return for a one-year investment period if the bond is selling at a yield to maturity of 7% by the end of the year.
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