What is the holding period return of a bond with a par
What is the holding period return of a bond with a par value of $1,000 and a coupon rate of 8% if its price at the beginning of the year was $1,012 and its price at the end of the year is $1,047?
a) 11.36%
b) -5.73%
c) 2.10%
d) 7.51%
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