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last year you purchased a 10 year semi-annual coupon bond with coupon rate of 12% and...

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Finance

last year you purchased a 10 year semi-annual coupon bond withcoupon rate of 12% and face value of $1000. the bonds yield tomaturity was 11% then. a year past and the market interest rateincreases by 1 percentage point. your one-year holding periodreturn is____% (rounded with two decimal places)

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Transcribed Image Text

last year you purchased a 10 year semi-annual coupon bond withcoupon rate of 12% and face value of $1000. the bonds yield tomaturity was 11% then. a year past and the market interest rateincreases by 1 percentage point. your one-year holding periodreturn is____% (rounded with two decimal places)

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