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One year ago, you purchased an annual coupon bond with a coupon rate of 6%, a par value of $1,000 and a maturity of 8
One year ago, you purchased an annual coupon bond with a coupon rate of 6%, a par value of $1,000 and a maturity of 8 years. At the time of purchase, the yield to maturity was 5%. You received your first annual coupon today and the bond is selling at a yield to maturity of 7%. If you sell this bond today, your annual holding period return will be (approximately)
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