Holding period yield on this investment

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Reference no: EM131064627

Exactly three years ago, you purchased a $1,000 face value bond for $1,211.16. The coupon rate was 6.5 percent with interest paid semiannually. Today, you sold that bond for $1,089.54. What was your rate of return for the 3-year period, or holding period yield, on this investment?

6.06%

7.19%

6.24%

6.38%

6.74%

Reference no: EM131064627

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