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4 years ago you purchased a 14 year maturity, 5.0% coupon annual pay bond at a price of $91 per $100 of face value. Shortly

4 years ago you purchased a 14 year maturity, 5.0% coupon annual pay bond at a price of $91 per $100 of face value. Shortly after you purchased the bond, yields changed to 6.00%. If you sell the bond today at a price of $109 per $100 of face value, what is your annualized holding period return?

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