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You buy a $1,000 par value bond with a 5.0% coupon rate today (Year 0) for a price of $824.41. The bond has 10 years

You buy a $1,000 par value bond with a 5.0% coupon rate today (Year 0) for a price of $824.41. The bond has 10 years to maturity at time of purchase. You sell the bond at the end of Year 4 at a price of $926.24. What is your annual realized yield over the 4-year holding period for this investment assuming you reinvested the interest payments at 4.50% per year over the 4-year holding period? Assume annual interest payments.

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