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You have purchased a bond with 12 year maturity, 6% coupon rate, $1000 face value, and semi-annual payments for $919.71. Two years later, when the

You have purchased a bond with 12 year maturity, 6% coupon rate, $1000 face value, and semi-annual payments for $919.71.

Two years later, when the YTM=4.8%, you sell the bond.

What was your average annual realized yield on the bond, if you were able to reinvest coupons at 5%? [Provide your answer in percent rounded to two decimals, omitting the % sign.]

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