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You purchase a bond for $1,089.43 with 7.50% annual coupons ($1,000 par value). After receiving the fourth coupon, you sell the bond for $1,113.43. What

You purchase a bond for $1,089.43 with 7.50% annual coupons ($1,000 par value). After receiving the fourth coupon, you sell the bond for $1,113.43. What is the annual holding period return for this investment?

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