Suppose you buy a 25-year, 5% (annual payment) coupon bond for $1000 (i.e., the bond is selling at par) and you plan to hold it for 18 years. You forecast that the bonds yield to maturity will be 7% when it is sold and that the reinvestment rate on the coupons will be 5%. What will be your annualized compound return over your investment horizon?

Round all your dollar amounts to the nearest $0.01, i.e., 2 decimal places, and the interest rate to the nearest 0.01%.

Enter your answer as a percentage. For example: if you find YTM to be "12.34%", enter "12.34" as the answer.