What was your annual holding period ROR

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You buy a bond with a par value of $1000 and a coupon rate of 8% with 19 coupons remaining. You hold the bond and receive 8 coupons. If the bond had a YTM of 7% when you bought it and 8% when you sold it, what was your annual holding period ROR?

Reference no: EM131529999

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