5. Suppose that an investor is considering the purchase of a bond due to mature in 30 years, carrying an 8 percent coupon rate (coupons are paid semi-annually). This security is available for purchase at a current market price of $975. The bond has a par value of $1000. If this investor redeems the bond 16 years later at a price of $990, what is his holding period yield, h? Please show your work.