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You purchased a 9 year annual coupon bond 1 year ago. its coupon rate is 10% and its par value is $1,000. At the time
You purchased a 9 year annual coupon bond 1 year ago. its coupon rate is 10% and its par value is $1,000. At the time you purchased the bond, the yield to maturity was 10% You sold the bond and its maturity had changed to 9%. Your holding period return is
a. 15.53%
b. 10%
c. 5.5%
d. 9%
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