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Assume you purchase (at par) one 12-year bond with a 6.90 percent coupon and a $1,000 face value. Suppose you are only able to reinvest

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Assume you purchase (at par) one 12-year bond with a 6.90 percent coupon and a $1,000 face value. Suppose you are only able to reinvest the coupons at a rate of 4.90 percent. If you sell the bond after 7 years when the yield to maturity is 7.90 percent, what is your realized yield? (Do not round intermediate calculations. Round your answers to 2 decimal places.) FV Selling price Realized yield %

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