Assume you purchase (at par) one 11-year bond with a 6.05 percent coupon and a $1,000 face value. Suppose you are only able to reinvest the coupons at a rate of 4.05 percent. If you sell the bond after 6 years when the yield to maturity is 7.05 percent, what is your realized yield? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

FV

Selling Price

Realized Yield %