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Last year, you purchased a 6% coupon with a yield to maturity of 6% (which means that you bought the bond at par ). The

Last year, you purchased a 6% coupon with a yield to maturity of 6% (which means that you bought the bond at par). The bond had an eight-year maturity and pays coupons annually. This year, promised the yield to maturity has risen to 7%. What is your HPR over the past year? Assume its par value is $1,000 (the choice of par value isn't important for this question; so long as you choose some positive value, the HPR will be the same).

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