Suppose that you purchase a 25 year, 10% per annum coupon rate bond when its yield to maturity is 7% per annum compounded semi-annually. Par value is $10,000. Coupons are paid every six months and the next and upcoming coupon is in exactly six months. You buy the bond today and plan to hold it for exactly 5 years (you will sell the bond in exactly five years immediately after receiving the coupon at that time). You expect to reinvest coupons at a rate of interest of 7% per annum compounded semi-annually. You do not expect yields in the bond market to increase or decrease over your five-year holding period. Yields for 20 years bonds are no different from yields for 25-year bonds. Find your annualized holding period rate of return on your investment compounded semi-annually.