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An investor purchases a bond on October 14, 2020 at 104.27 with a $5000 par value and a 4.2% coupon paid annually. The bond matures

An investor purchases a bond on October 14, 2020 at 104.27 with a $5000 par value and a 4.2% coupon paid annually. The bond matures on October 14, 2027. If interest rates increase by 2 percent on October 14, 2024 and the investor sells the bond at that time, compute the holding period yield.

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