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Assume you purchase (at par) one 12-year bond with a 6.10 percent coupon and a...

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Finance

Assume you purchase (at par) one 12-year bond with a 6.10 percent coupon and a $1,000 face value. Suppose you are only able to reinvest the coupons at a rate of 4.10 percent. If you sell the bond after 7 years when the yield to maturity is 7.10 percent, what is your realized yield? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

I got 5.37 and I'm not sure if that is right

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