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Today, you purchase a 3-year annual interest coupon bond with a coupon interest rate of 6%, par value $1,000, and yield to maturity of 5%.

Today, you purchase a 3-year annual interest coupon bond with a coupon interest rate of 6%, par value $1,000, and yield to maturity of 5%. If you sell the bond in one year after receiving the first interest payment and when the bond's yield to maturity is 4.5%, what is your annual holding period return on the bond for the year? Show your work

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