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What is your total holding period return over 1-year on a bond that pays a 4.5% annual coupon, matures in 18 years, and is currently
What is your total holding period return over 1-year on a bond that pays a 4.5% annual coupon, matures in 18 years, and is currently priced at par if the yield to maturity on the bond increases to 6%?
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