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You buy an 7-year $1,000 par value bond today that has a 5.50% yield and a 5.50% annual payment coupon. In 1 year promised yields
You buy an 7-year $1,000 par value bond today that has a 5.50% yield and a 5.50% annual payment coupon. In 1 year promised yields have risen to 6.50%. Your 1-year holding-period return was ___.
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