Find the annualized expected holding period return for a coupon bond that pays a $136 coupon every six months and has a current price of $909. The expected price in 4 years is $903. Assume the bond will pay its next coupon in six months and in 4 years you will collect a $136 and sell the bond for $903.

Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry interim computations to at least 4 decimals.

Enter percentage answers as a positive or negative percentage % rounded to 2 decimal places. For example 0.123456 should be enter as: 12.35 (##.##)