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You buy a 6 year bond with an annual 8% coupon at par value, $1000. If the yield to maturity at the end of the

You buy a 6 year bond with an annual 8% coupon at par value, $1000. If the yield to maturity at the end of the first year falls to 5% or jumps to 10% what is the end of the year value of the bond(after the coupon payment, so bond value does not include this coupon)? Calculate your holding period return.

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