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Suppose that for a price of $920 you purchase a 8-year Treasury bond that has a face value of $1,000 and a coupon rate of
Suppose that for a price of $920 you purchase a 8-year Treasury bond that has a face value of $1,000 and a coupon rate of 5%. If you sell the bond one year later for $1,170, what was your rate of return for that one-year holding period? The rate of return for the one-year holding period was %. (Round your response to one decimal place.)
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