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You buy an 10% coupon(annually paid), 5-year maturity bond when its yield to maturity is 9%. 3-year later, the yield to maturity is 8%. What

You buy an 10% coupon(annually paid), 5-year maturity bond when its yield to maturity is 9%. 3-year later, the yield to maturity is 8%. What is the holding period of return over the year?

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