Question: 3 . On the issue date, you bought a 3 0 - year maturity, 5 . 8 5 % semi - annual coupon bond. The

3. On the issue date, you bought a 30-year maturity, 5.85% semi-annual coupon bond. The bond then sold at YTM of 6.25%. Now, 5 years later, the similar bond sells at YTM of 5.25%. If you hold the bond now, what is your realized rate of return for the 5-year holding period?

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