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A person has purchased a bond on June 21, 2019, at a price of Rs. 105. The bond has a face value of Rs. 100

A person has purchased a bond on June 21, 2019, at a price of Rs. 105. The bond has a face value of Rs. 100 and a coupon of 10% p.a. payable half-yearly on June 30 and December 31 of each year. He sold the bond on September 12, 2020, at a price of Rs. 108. You are required to determine the holding period return on the bond.

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