In July 2015 you purchase a Treasury bond with a face value of AUD 10000, a trading yield of 5.25% per annum and a coupon rate of 6.5% per annum. The bond makes semi-annual coupon payments and will mature on July 2021. You sell the bond in January 2017, when the trading yield was 6.00% per annum. During the holding period the coupons were reinvested at 5.50% per annum. What is the holding period yield of this bond?

Group of answer choices3.98%

3.45%

3.65%

3.12%