Suppose that exactly 2 years ago you bought a a12 annual


Suppose that exactly 2 years ago you bought a a12% annual coupon bond for $1000. The bond had 13 years to maturity. Today the yield-to-maturity declined to 11% and you decide to sell. What is your average holding period return per year?

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Finance Basics: Suppose that exactly 2 years ago you bought a a12 annual
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