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Suppose you purchase a 15-year maturity bond that has a 7% current yield and a 7% coupon (paid semiannually) rate. In one year, the yield

Suppose you purchase a 15-year maturity bond that has a 7% current yield and a 7% coupon (paid semiannually) rate. In one year, the yield to maturity has risen to 9%. What is your holding-period return? PLEASE SHOW ALL WORK (with formulas)

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