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A customer bought a 7.25%, semi-annual, 15 year Blue Water bond selling at a 12.25% premium and sold it in year 10 at an 8.05%

A customer bought a 7.25%, semi-annual, 15 year Blue Water bond selling at a 12.25% premium and sold it in year 10 at an 8.05% discount. What is the Holding Period Return (HPR) per year for the customer? Ignore taxes.

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