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You buy a 8.500% semi-annual bond maturing in exactly 24 years at 109.9760. You hold the bond for 15 years. Then you sell the bond

You buy a 8.500% semi-annual bond maturing in exactly 24 years at 109.9760. You hold the bond for 15 years. Then you sell the bond at 116.1402.

Your holding period yield on this investment is

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