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Consider a bond with 2% coupon rate and $1000 face value that happens to be priced for a 2% yield (with p = $1000). Let's

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Consider a bond with 2% coupon rate and $1000 face value that happens to be priced for a 2% yield (with p = $1000). Let's suppose it's a 4 year bond with annual coupons. If you buy it for $1000 and hold it for 1 year but then sell after the 1st coupon and market conditions have made the yield to maturity reset to 3% then what is your return for the one year holding period. (20

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