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The price of a bond (with par value of $1,000) at the beginning of a period is $970 and at the end of the period

The price of a bond (with par value of $1,000) at the beginning of a period is $970 and at the end of the period is $965. What is the holding-period return if the annual coupon rate is 3.5%

3.08%
3.09%
4.08%
3.90%

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