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Suppose that today you buy a bond with a coupon rate of 10% (with annual coupon payments) for $1,150. The bond has 15 years to

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Suppose that today you buy a bond with a coupon rate of 10% (with annual coupon payments) for $1,150. The bond has 15 years to maturity. Assume a par, or face value of $1,000. One year from now, the YTM on your bond has declined by 1 percent, and you decide to sell it. What is the Holding Period Yield (HPY) on your investment? A 6.91% B. 8.31% C. 1592% D. 16.49% E. None of the above A E D c B

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