Question: Compute the average annual holding period return ( HPR ) for the following bond: The bond was purchased with 3 0 years to maturity, an

Compute the average annual holding period return (HPR) for the following bond:
The bond was purchased with 30 years to maturity, an annual coupon rate of 7%, annual payments, face value of $1000, and a YTM of 10%.
The bond was sold with 24 years to maturity, at a YTM of 4%.

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