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You bought a 2 5 - yar bond at par. The bond had a face value of 1 0 0 0 and provided 1 0

You bought a

25 -

yar bond at par. The bond had a face value of

1000

and provided

10 %

coupon

-

quarterly payments. You held the bond for

10

years and sold it to kelly. At the time of that sale, the yield to maturity on the bond was

12 % .

What is your Holding Period Yield?

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