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You buy a(n) seven-year bond that has a 6.50% current yield and a 6.50% coupon (paid annually). In one year, promised yields to maturity have
You buy a(n) seven-year bond that has a 6.50% current yield and a 6.50% coupon (paid annually). In one year, promised yields to maturity have risen to 7.50%. What is your holding-period return?
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