You bought an annual coupon bond at par (Face value = $1,000) and held it...
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You bought an annual coupon bond at par (Face value = $1,000) and held it for one year. If the coupon rate is 5%, residual maturity of the bond is 8 years, and the yield to maturity of the bond when it was sold was 6% percent. (Note: retain at least 4 decimals in your calculation) Holding period return for this bond?
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