Rumi buys a 1000 par-value 10 -year-bond with 10% annual coupons at a price to yield an annual effective rate of 10%. The coupons are reinvested at an annual effective rate of 8%. Immediately after receiving the 4th coupon Rumi sells the bond at a price P at an annual effective yield of i to the buyer. Rumi's annual effective yield from the date of purchase until the date of sale was 8%. Calculate i. You might need to use excel or calculator to solve for i numerically. Rumi buys a 1000 par-value 10 -year-bond with 10% annual coupons at a price to yield an annual effective rate of 10%. The coupons are reinvested at an annual effective rate of 8%. Immediately after receiving the 4th coupon Rumi sells the bond at a price P at an annual effective yield of i to the buyer. Rumi's annual effective yield from the date of purchase until the date of sale was 8%. Calculate i. You might need to use excel or calculator to solve for i numerically