Question: Suppose you purchased, a 2 9 - year, 7 . 3 8 percent coupon ( annual payments ) bond at par. You hold it for

Suppose you purchased, a 29-year, 7.38 percent coupon (annual payments) bond at par. You hold it for 10 years and sell it so that you can take a vacation to Virgin Islands. At the time you sell the bond, 19-year bonds with similar characteristics (e.g., default risk) sell at yields of 5.54 percent. Calculate bond's realized yield.
Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box).
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