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Suppose a Midwest Telephone and Telegraph (MTT) Company bond, maturing in one year, can be purchased today for $965. Assuming that the bond is held

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Suppose a Midwest Telephone and Telegraph (MTT) Company bond, maturing in one year, can be purchased today for $965. Assuming that the bond is held until maturity, the investor will receive $1,000 (principal) plus 5 percent interest (that is, 0.05 $1,000 = $50). Determine the percentage holding period return on this investment. Round your answer to two decimal places

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