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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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