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An investor bought a bond at par and held it for one year. If the coupon rate is 5%, original maturity of the bond is

An investor bought a bond at par and held it for one year. If the coupon rate is 5%, original maturity of the bond is 8 years, and the yield to maturity of the bond when it was sold was 6%, what is the holding period return of the bond? Assume annual interest coupon payments.

a) -1.23%

b) -1.21%

c) 5%

d) 6%

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