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Today, you purchase a 5-year annual interest coupon bond with a coupon interest rate of 6%, par value $1,000, and yield to maturity of 4%.

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Today, you purchase a 5-year annual interest coupon bond with a coupon interest rate of 6%, par value $1,000, and yield to maturity of 4%. 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 Edit View Insert Format Tools Table

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