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You buy a(n) nine-year bond that has a 6.25% current yield and a 6.25% coupon (paid annually). In one year, promised yields to maturity have
You buy a(n) nine-year bond that has a 6.25% current yield and a 6.25% coupon (paid annually). In one year, promised yields to maturity have risen to 7.25%. What is your holding-period return? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Holding-period return
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