Question: You buy a 10.125% semi-annual bond maturing in exactly 16 years at 105.1620. You hold the bond for 9 years. Then you sell the bond

You buy a 10.125% semi-annual bond maturing in exactly 16 years at 105.1620. You hold the bond for 9 years. Then you sell the bond at 103.0335.

Your holding period yield on this investment is:___?___%

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