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Suppose Mike purchase a coupon bond today for $858 and expect to hold the bond for 5 years at which time you expect to sell

Suppose Mike purchase a coupon bond today for $858 and expect to hold the bond for 5 years at which time you expect to sell it for $831. The bond has a coupon rate of 8.93% and makes semiannual coupon payments - Mike expects to collect 2x5 coupon payments over the 5-year horizon. Find the expected holding period return on your investment.

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