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Requlred: You buy an eight-year maturity bond that has a 6% current yield and a 6% coupon (paid annually), In one year, promised yields to

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Requlred: You buy an eight-year maturity bond that has a 6% current yield and a 6% coupon (paid annually), In one year, promised yields to maturity have risen to 79 . What is your holding-period return? (Do not round Intermedlate calculatlons. Round your answer to 2 declmal places.) ( x Answer is complete but not entirely correct

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