If you buy a 7-year risk-free zero coupon bond with a
If you buy a 7-year, risk-free, zero coupon bond with a yield-to-maturity of 4%, then sell it 3 years later, when the yield-to-maturity on 4-year, risk-free, zero coupon bonds is 5%, what is your annual HPR? (Assume annual compounding.)
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if you buy a 7-year risk-free zero coupon bond with a yield-to-maturity of 4 then sell it 3 years later when the
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