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You buy a nine-year bond that has a 7.00% current yield and a 7.00% coupon (paid annually). In one year, promised yields to maturity have

You buy a nine-year bond that has a 7.00% current yield and a 7.00% coupon (paid annually). In one year, promised yields to maturity have risen to 8.00%. What is your holding-period return? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Holding-period return

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