Holding-period return if the annual coupon rate

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The price of a bond (with par value of $1,000) at the beginning of a period is $970 and at the end of the period is $965. What is the holding-period return if the annual coupon rate is

  • 3.5%
  • 3.08%
  • 3.09%
  • 4.08%
  • 3.90%

Reference no: EM131041324

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