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Suppose the discount rate is 6%. You bought a 20-year, 15% coupon bond with 6 years year after it is issued. After holding it for

Suppose the discount rate is 6%. You bought a 20-year, 15% coupon bond with 6 years year after it is issued. After holding it for 2 years, the discount rate changed to 10% and sold the bond right after the discount rate change. What is your HPR (Assume par value is $1000 and semiannual coupons)?

-27.08%

-18.94%

-10.81%

-18.50%

59.44%

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