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You buy a 12-year bond with a 5% annual coupon that is trading at a yield to maturity of 5%. Suppose that over the course
You buy a 12-year bond with a 5% annual coupon that is trading at a yield to maturity of 5%. Suppose that over the course of a year the yield to maturity on the bond falls to 4.5%. What is your holding period return on the bond?
can you please show how to do this in excel thanks!
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