A 18 year bond issued today by Pivot, Inc. has a coupon rate of 9%, a required return of 11% and a face value of $1000. The bond will be sold 7 years from now when interest rates will be 8%. What is the actual rate of return (or holding period return) over this 7 year period? Round to the nearest percent. (This will be easier to answer if you've already answered the other two questions regarding the Pivot bond.) 123% 101\% 99% 56%