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Smith Company has bonds outstanding with a face value of $1,000, coupon rate of 7%, paid semi-annually, and are currently priced in the market for
Smith Company has bonds outstanding with a face value of $1,000, coupon rate of 7%, paid semi-annually, and are currently priced in the market for $920. You purchased these bonds 7 years ago for $1,180. If you sell your bonds today, your holding period return is ______%
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