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Question
A bond with an annual coupon rate of 12 percent and face value of $1,000.00 was purchased for $990.00 and sold two years later for $1,050.00. What was the holding period return?
a. 15.1%
b. 18.2%
c. 30.3%
d. 28.5%
e. 30.0%
Answer
This answer is hidden. It contains 11 characters.
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