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3 years ago you purchased a 11 year maturity, 2.4% coupon annual pay bond at a price of $108 per $100 of face value. Shortly

3 years ago you purchased a 11 year maturity, 2.4% coupon annual pay bond at a price of $108 per $100 of face value. Shortly after you purchased the bond, yields changed to 4.37%. If you sell the bond today at a price of $104 per $100 of face value, what is your annualized holding period return?

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