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You buy a(n) nine-year bond that has a 8.50% current yield and a 8.50% coupon (paid annually). In one year, promised yields to maturity have

You buy a(n) nine-year bond that has a 8.50% current yield and a 8.50% coupon (paid annually). In one year, promised yields to maturity have risen to 9.50%. What is your holding-period return?

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