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Maddy consolidated has a bond issue with 13 years to maturity. It pays a semi- annual coupon of $20 and has a face value of

Maddy consolidated has a bond issue with 13 years to maturity. It pays a semi- annual coupon of $20 and has a face value of $1000. The bond is currently priced at $1,050 and investors would be able to receive j2 =4% if they reinvested the coupons. What is the holding period return for the investors?

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