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The price of a bond (with par value of $1,000) at the beginning of a period is $980 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 $980 and at the end of the period is $95. What is the holding-period return if the annual coupon rate is 4.5%?
5.6%
5.1%
4.5%
4.08%
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