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Corps 18 year bonds have 6.5 years left to maturity and offer a coupon rate of 8.25%. The yield to maturity on Corp's bonds is

Corps 18 year bonds have 6.5 years left to maturity and offer a coupon rate of 8.25%. The yield to maturity on Corp's bonds is 9.5% and you hold Corp bonds for three years and then sell them. What is your holding period yield, if the YTM on the bonds has decreased by 50 basis points?

EDIT** Coupon payments are semi-annual.

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