(1 point) Mr. Weber purchases a $6000 bond, that pays interest at 112 = 8% and is redeemable at 97 in 12 years. He bought the bond at a price to yield 112 = 8.75% if held until maturity. After 7 years, he sells the bond to another investor who will yield | 12 = 7.55% if held until maturity. Approximate Mr. Weber's yield on his investment over the 7-year period, using method of averages? Answer: %