Example: Suppose you buy a 30-year, 7.5% (annual payment) coupon bond for $98 0 (when its yield to maturity is 7.67%) and you plan to hold it for 20 years. Your for ecast is that the bond's yield to maturity will be 8 % when it is sold and the reinvest ment rate on the coupons will be 6%. What is realized compound return