A 12-year $1,000 par bond with 7% annual coupon (paid annually) is priced to yield 6% (AER).Investors purchasing the bond expect that yields on comparable bonds will be 4% two years from now.Calculate the realized rate of return if the bond is actually sold in two years (at T2), right after the issuer makes the second coupon payment. (note : round any intermediate results to two decimal places).