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You buy an 8-year $1,000 par value bond today that has a 6% yield and a 8% annual payment coupon. In 1 year, promised yields

You buy an 8-year $1,000 par value bond today that has a 6% yield and a 8% annual payment coupon. In 1 year, promised yields have risen to 7%. Your 1-year holding-period return was ___. Group of answer choices

-3.25%

0.61%

0.86%

1.28%

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