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You bought a corporate bond one year ago. The bond has a $1,000 par value, pays a 6% coupon and today has 5 years left

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You bought a corporate bond one year ago. The bond has a $1,000 par value, pays a 6% coupon and today has 5 years left to maturity. One year ago you paid $850 for the bond. Today, you sold the bond for $1,235. What is your holding period return? (Show your calculation steps in the text box!)

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