. A bond of $7,000 nominal pays coupons of 6% per annum at the end of each year and is redeemable at par on 31 December 2028. (The last coupon is also payable on that date.) Calculate (to 2 decimal places) the net yield per annum, if the bond is purchased for $5,000 on 1 January 2019. The income tax rate during this period is 25% and the capital gains tax rate is 30%.