ou buy a 20-year, 7% coupon bond (paid annually) with a face value of R1000 at a yield of 7.90%. You hold the bond for five years, during which you re-invest the coupons at 6%. At the end of five years, you sell the bond at a yield of 7.35%. What is your annual holding period yield? a. 11.25% b. 7.86% c. 8.50% d. 10.15%