You buy a six-year bond that has a 4.50% current yield and a 4.50% coupon (paid annually). In one year, promised yields to maturity have risen to 5.50%. What is your holding-period return? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Holding-period return %

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You buy a six-year bond that has a 4.50% current yield and a 4.50% coupon (paid annually). In one year, promised yields to maturity
have risen to 5.50%. What is your holding-period return? (Do not round intermediate calculations. Round your answer to 2 decimal
places.)
Holding-period return
%
Transcribed Image Text:You buy a six-year bond that has a 4.50% current yield and a 4.50% coupon (paid annually). In one year, promised yields to maturity have risen to 5.50%. What is your holding-period return? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Holding-period return %
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