Assume that an investor pays $890 for a long-term bond that carries a coupon of 6%. In 3 years, he hopes to sell the issue for $1,090. If his expectations come true, what yield will this investor realize? (Use annual compounding.) What would the holding period return be if he were able to sell the bond (at $1,090) after only 9 months?

- The yield will be

- The holding period return will be