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Miguel purchases a $22,000 9% fifteen-year par-value bond having annual coupons for a price to provide a 7% annual yield if the bond is held

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Miguel purchases a $22,000 9% fifteen-year par-value bond having annual coupons for a price to provide a 7% annual yield if the bond is held to maturity. Five years later, just after the receipt of the fifth coupon, he sells it at a price to provide the new purchaser a yield to maturity of 8%. Find the difference between Miguel's book value B_5 and the invoice price. What was Miguel's actual yield for the five-year period

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