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You buy an eight-year maturity bond that has a 8% current yield and a 6% coupon (paid annually). In one year, the yield to maturity

You buy an eight-year maturity bond that has a 8% current yield and a 6% coupon (paid annually). In one year, the yield to maturity falls to 7%. What is your holding-period return? Express your answer as a % with 2 decimals.

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