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An investor just purchased a 10-year zero-coupon bond with $1,000 par value for $463. She estimates that next year the yield-to-maturity on that bond could

An investor just purchased a 10-year zero-coupon bond with $1,000 par value for $463. She estimates that next year the yield-to-maturity on that bond could be either 7% or 9% with equal probability. The expected HPR on her investment is:?

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