You buy an seven-year bond that has a 500 current yield and, Financial Management

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You buy an seven-year bond that has a 500 current yield and

You buy a(n) seven-year bond that has a 5.00% current yield and a 5.00% coupon (paid annually). In one year, promised yields to maturity have risen to 6.00%. What is your holding-period return? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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Financial Management: You buy an seven-year bond that has a 500 current yield and

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Financial Management: You buy an seven-year bond that has a 500 current yield and

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