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On January 1, you purchased an Amazon bond through with a coupon rate of 8% for $950. The bond has 10 years to maturity and

On January 1, you purchased an Amazon bond through with a coupon rate of 8% for $950. The bond has 10 years to maturity and a par value of $1,000. If the bond is held until maturity, what rate of return would you expect to earn on this bond? After three years, interest rates have declined by 2% and your investment advisor recommends for you to sell the bonds. What will be the price of the bonds after three years? In addition, what will be the holding period yield on your investment?

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