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Suppose the discount rate is 10%. You bought a 15% coupon bond with 6 years left until maturity. After holding it for 4 years, the
Suppose the discount rate is 10%. You bought a 15% coupon bond with 6 years left until maturity. After holding it for 4 years, the discount rate changed to 8% and sold the bond right after the discount rate change. Assume semiannual payments. What is your HPR
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