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You buy an 10-year $1,000 par value bond today that has a 7% yield and a 7% annual payment coupon. In 1 year promised yields

You buy an 10-year $1,000 par value bond today that has a 7% yield and a 7% annual payment coupon. In 1 year promised yields have risen to 8%. Your 1-year holding-period return was ________.

-4.99%

5.58%

-5.39%

3.25%

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