SOA Company issued bonds with the following information:

Par value P1,000

Coupon rate 12%

Years to maturity 6

Market rate 10%

Interest paid semiannually

Compute your holding period yield if purchase the bonds during issuance, and sold it after 3 years for P1,074.50. Indicate your final answer in decimal form with 4 decimal places (e.g. 10.11% should be entered as 0.1011)