You buy an 7-year $1,000 par value bond today that has a 4% yield and a 4%
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Question:
You buy an 7-year $1,000 par value bond today that has a 4% yield and a 4% annual payment coupon. In 1 year promised yields have risen to 5%. Your 1-year holding-period return was ________.
| -2.65% | ||
| 1.28% | ||
| -1.08% | ||
| .82% |
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