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Consider a 30-year US corporate bond with 20 years left to maturity paying 7% coupon. The bond is currently priced at $958. The bond can

Consider a 30-year US corporate bond with 20 years left to maturity paying 7% coupon. The bond is currently priced at $958. The bond can be sold in 8 years at a price of $975. Find the holding period yield. Express your answers as a percentage. Make sure to round your answers to the nearest 100th decimal points.

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