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Suppose you bought a 10 year 8% bond for $975. If you sold the bond for $940 after holding it for 2 years, what was
Suppose you bought a 10 year 8% bond for $975. If you sold the bond for $940 after holding it for 2 years, what was your holding period yield?
All bonds are semi-annual. All yield measures are stated as annual percentage rates
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