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As a bond fund manager, you are considering corporate bonds issued by Changing Universe ( CU ) . Each CU bond is a 4 -

As a bond fund manager, you are considering corporate bonds issued by Changing Universe (CU). Each CU bond is a 4-year bond with a par value of $1 million. Its interest payments are based on the following schedule: $40,000 in year 1,$60,000 in year 2,$80,000 in year 3, and $100,000 in year 4. You estimate CU's current interest rate is 8%.One year later, the yield declines to 7%, and you decide to sell your bond. What is your holding period return?
A.6.6%
B.10.8%
C.4.3%
D.8.5%
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