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You bought a 15 year bond for $1,000.You then sold that bond for $1,285 five years later.It was a 10% coupon bond with a par
You bought a 15 year bond for $1,000.You then sold that bond for $1,285 five years later.It was a 10% coupon bond with a par value of $1,000.What is your holding period return (HPR or rate of return) over this 5 year period on this coupon paying bond?Round to the nearest whole percent.
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