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What is the holding period return for the year on a bond

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Reference no: EM132554137

Question 1: What is the holding period return for the year on a bond with a par value of $1,000 and a coupon rate of 8.5% if its price at the beginning of the year was $1,215 and its price at the end of the year was $1,020? Assume interest is paid annually.

Reference no: EM132554137

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