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You are considering investing in a 10-year, 6% coupon bond that makes semiannual coupon payments. The bond currently sells for $985. Your investment horizon is

You are considering investing in a 10-year, 6% coupon bond that makes semiannual coupon payments. The bond currently sells for $985. Your investment horizon is 2 years after which you will sell the bond. You believe that the bond will have a yield-to-maturity of 6% in 2 years when you sell it. If your goal is to produce a 7% rate of return per year on this bond, what will have to be your coupon reinvestment rate per year? Please write your answer using at least 4 decimal places.

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