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You buy an 8 - year $ 1 , 0 0 0 par value bond today that has a 6 % yield and a 6

You buy an 8-year $1,000 par value bond today that has a 6% yield and a 6% annual payment coupon. In 1 year yields have risen to 7%. Your 1-year holding-period return was
Multiple Choice
3.25%
-1.28%
0.61%
1.28%
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