What is the holding period return of a bond with a par value

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What is the holding period return of a bond with a par value of $1,000 and a coupon rate of 8% if its price at the beginning of the year was $1,012 and its price at the end of the year is $1,047?

a) 11.36%

b) -5.73%

c) 2.10%

d) 7.51%

Reference no: EM13813510

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