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You buy an 8-year $1,000 par value bond today that has a 6.20% yield and...

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Finance

You buy an 8-year $1,000 par value bond today that has a 6.20% yield and a 6.20% annual payment coupon. In 1 year promised yields have risen to 7.20%. Your 1-year holding-period return was __________.

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