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Today you bought a semiannual bond from Tesla with an coupon rate of 3% for $1,200. The bond has 20 years to maturity and a

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Today you bought a semiannual bond from Tesla with an coupon rate of 3% for $1,200. The bond has 20 years to maturity and a par value of $1.000. Six years from now, the YTM on your bond has declined by 1.5 percent, and you decide to sell. What is your holding period return (same as HPY)

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