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ou bought a 2 5 yar bond at par. the bond had a face value of 1 0 0 0 and provided 1 0 %

ou bought a

25

yar bond at par. the bond had a face value of

1000

and provided

10 %

coupon quarterly payments. you held the bond for

10

years and sold it to kelly. at the time of the sale the YTM on the bond was

12 % .

WHat is the YTM NOW? what is the Holding period yield?

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