Question: Assume that Peter purchased a 2 2 - year, 8 . 2 1 percent coupon ( annual payments ) bond at par ( $ 1

Assume that Peter purchased a 22-year, 8.21 percent coupon (annual payments) bond at par ($1,000). He sold the bond after 9 years for $1,006.67. He reinvested the coupon payments at the 10.22 percent compounded annually. Calculate bond's total yield.
Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box).

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