You buy a(n) eight-year bond that has a 6.75% current yield and a 6.75% coupon (

Question

You buy a(n) eight-year bond that has a 6.75% current yield and a 6.75% coupon (paid annually). In one year, promised yields to maturity have risen to 7.75%. What is your holding-period return? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

You buy a(n) eight-year bond that has a 6.75% current yield and a 6.75% coupon (paid annually). In one year, promised yields to maturity have risen to 7.75%. What is your holding-period return? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Explanation / Answer

You buy a(n) eight-year bond that has a 6.75% current yield and a 6.75% coupon (

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